Page 17 - AfrOil Week 04 2022

AfrOil NEWSBASE ROUNDUP GLOBAL (NRG) AfrOil

NewsBase Roundup Global (NRG)

NRG Welcome to NewsBase’s Roundup Global plant not to be developed by one of the leading
(NRG), in which the reader is invited to join gas majors. Zhejiang Energy, a gas and power
our team of international editors, who provide a supplier in eastern China that also imports LNG,
snapshot of some of the key issues affecting their has agreed to buy a 10% stake in the proposed
regional beats. We hope you will like NRG’s new Yakutsk LNG terminal, which will at full capacity
concise format, but by clicking on the headline send up to 18mn tpy of LNG to markets in Asia.
link for each section the full text will be available
as before. GLNG: Sempra downsizes Cameron LNG
expansion plan
AsianOil: TotalEnergies, Chevron an- US-based Sempra Energy has downsized plans
nounce Myanmar withdrawal for the expansion of its Cameron LNG export
France’s TotalEnergies and US-based Chevron terminal in Louisiana. In a filing with the US
are withdrawing from Myanmar, citing the wors- Federal Energy Regulatory Commission (FERC)
ening situation in the country, where they are last week, the company proposed an expansion
partners in the Yadana natural gas project, fol- involving one 6.75mn tpy train, down from a
lowing last year’s coup. TotalEnergies announced previous expansion plan involving two trains
its exit in a press release on January 21, with with a combined capacity of 10mn tpy.
Chevron confirming to Reuters the same day
that it was also withdrawing from Myanmar. LatAmOil: Nahle offers reassurances on
Dos Bocas refinery
DMEA: Fuel and pipes for Kuwait, Kenya Mexican Energy Minister Rocio Nahle has
Downstream-focused Kuwait National Petro- responded to reports that the national oil com-
leum Co. will build 15 new filling stations under pany Pemex is running over budget and behind
the second phase of a wider plan to add 100 more schedule on the construction of the Dos Bocas
to match the country’s urban expansion. Mean- refinery in Tabasco State. On January 22, Nahle
while, Kenya’s Lapsset Corridor Development said in a Twitter post that the refinery project was
Authority (LCDA) has begun the next phase of not experiencing any setbacks.
the Lamu Port-South Sudan Ethiopia Transport
Corridor (LAPSSET) initiative following the MEOG: Faihaa expansion begins
launch of Lamu Port in Q2-2021. The operators of south-eastern Iraq’s Faihaa oil-
field this week awarded a contract to two Chinese
EurOil: UK businesses urge action on high firms for the construction of a facility to process
energy bills crude oil from the field as the developers move
The UK’s top five business groups have urged the ahead with expansion. Meanwhile, state-owned
government to curb rising energy prices, warn- Kuwait Oil Co. (KOC) will soon launch a pipe-
ing that failure to act will result in lower invest- line construction contract to support its Jurassic
ment, a rise in poverty and potential spiralling gas production facilities following the award of
inflation. In a joint letter to UK Chancellor Rishi two major deals in Q4-2021.
Sunak, they said “rocketing” energy bills for
households and businesses would undermine NorthAmOil: Chesapeake confirms Chief
the post-lockdown recovery. acquisition, announces PRB sale
Chesapeake Energy confirmed this week that it
FSU OGM: Chinese investor signs up for was buying privately-owned Chief E&D hold-
Far East LNG project ings for about $2.5bn in cash and stock. The
A Chinese energy firm has lent its support to firms had been reported to be in advanced talks
what could be the first large-scale Russian LNG over a potential acquisition last week. ™

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Week 04 26•January•2022 www. NEWSBASE .com P17