Page 18 - DMEA Week 14 2022

DMEA NEWSBASE ROUNDUP GLOBAL (NRG) DMEA

NewsBase Roundup Global (NRG)

NRG WELCOME to NewsBase’s Roundup Global in Russian imports by expanding LNG supply
(NRG), in which the reader is invited to join by 50bn cubic metres, increasing deliveries from
our team of international editors, who provide a other pipeline suppliers by 10 bcm and ramping
snapshot of some of the key issues affecting their up biomethane production by 3.5 bcm.
regional beats.
We hope you enjoy NRG’s new concise for- GLNG: Mexican LNG makes advances
mat, but by clicking on the headline link for each Two Mexican LNG projects have taken steps for-
section the full text will be available as before. ward over the past week.
On March 31, it was announced that
AfrOil: NLNG urged to open access to pipes TotalEnergies had signed a memorandum of
Nigeria’s Minister of State for Petroleum understanding with Sempra Infrastructure, a
Resources Timipre Sylva has asked shareholders subsidiary of US-based Sempra, on the purchase
in Nigeria LNG (NLNG) to let other natural gas of a share of future production from the planned
producers access their pipelines so that addi- Vista Pacífico LNG plant.
tional feedstock can be delivered to the consor- Then, on April 1, China’s Guangzhou Devel-
tium’s plant on Bonny Island. opment Group (GDG) said it had signed a long-
Speaking during a meeting with Stefano De term supply agreement for LNG from an export
Leo, the new Italian ambassador to Abuja, on terminal that Houston-based MPL intends to
April 4, Sylva noted that the NLNG plant was build at Puerto Libertad in Mexico’s Sonora
currently operating at only around 70% of its State.
installed capacity because it was not receiving
enough gas. LatAmOil: Exxon makes Yellowtail FID
ExxonMobil (US) has made a final investment
AsianOil: Dorado moves closer to FID decision on Yellowtail, its fourth development
The Dorado project, which is being developed project at the Stabroek block offshore Guyana.
by Santos and Carnarvon Energy offshore West- In a statement dated April 4, the US-based
ern Australia, has taken what has been described super-major said it had opted to move forward
as a significant step towards a final investment with the project after securing all necessary gov-
decision. ernment and regulatory approvals for work at
Australian Minister for Resources and Water Yellowtail.
Keith Pitt said on April 5 that Santos and Car-
narvon had accepted a production licence cov- MEOG: Iraq’s revenue boost
ering Dorado, which is located in the offshore As OPEC’s second-largest producer, Iraq stands
Bedout sub-basin. to benefit more than most from the group’s alli-
ance with Russia and other producing nations
EurOil: Greece to revive offshore exploration that has seen oil prices surge as geopolitical con-
Greece is looking to revive offshore natural gas cerns collide with supply/demand dynamics.
exploration in order to safeguard its energy Meanwhile, the MoO has told semi-auton-
security amid soaring prices across Europe, gov- omous authorities in the northern Kurdistan
ernment sources told Reuters on April 5. Region it intends to set up a new state oil firm to
Greece has produced small quantities of oil manage the Kurdish energy sector.
in the past, including at the now-mature South
Kavala and Prions concessions. NorthAmOil: Ascent considering IPO
US shale driller Ascent Resources is said to be
FSUOGM: EU’s Russian gas challenge preparing for an initial public offering in which
The EU’s plan to cut Russian gas purchases it hopes to be given a market valuation of around
by two thirds by the end of this year will be $6bn.
“extremely challenging” to achieve, even if the The move, reported by Reuters, which cited
issue of contractual obligations is ignored, the sources familiar with the matter, comes around
Oxford Institute for Energy Studies (OIES) has a week after a separate report from Bloomberg
said in a report. said Ascent has discussed a potential merger
Under its REPowerEU plan, the European with fellow shale gas producer Gulfport
Commission is looking to achieve the reduction Energy.™

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P18 www. NEWSBASE .com Week 14 07•April•2022