Page 14 - GLNG Week 15 2022

GLNG NEWSBASE’S ROUNDUP GLOBAL (NRG) GLNG

NewsBase’s Roundup Global (NRG)

NRG WELCOME to NewsBase’s Roundup Global its departure from Russia, where it has a 27.5%
(NRG), in which the reader is invited to join take in the Gazprom-operated Sakhalin LNG
our team of international editors, who provide a plant in the Russian Far East, as well as shares in
snapshot of some of the key issues affecting their Gazprom Neft’s Salym Petroleum and Gydan oil
regional beats. We hope you will like NRG’s new developments in Western Siberia.
concise format, but by clicking on the headline link
for each section the full text will be available as GLNG: ADNOC Orders Two LNG Tankers
before. From Shanghai Yard
Abu Dhabi National Oil Co. (ADNOC) has
AfrOil: Sonatrach Agrees To Supply Italy confirmed it is to order two 175,000 cubic metre
With Additional Gas LNG tankers from Shanghai’s Jiangnan Shipyard
Algeria’s national oil company (NOC) Sonatrach as part of plans to expand its shipping fleet and
has cut a deal with the Italian major Eni to deliver to raise LNG production. ADNOC Logistics &
an additional 9bn cubic metres of natural gas in Services (ADNOC L&S), the company’s shipping
2022-2023. The two sides signed a new supply unit, said on April 12 that it had signed a contract
agreement during Italian Prime Minister Mario for the construction of two 175,000 cubic metre
Draghi’s visit to Algeria on Monday, April 11. LNG vessels and expected that they would be
delivered in 2025.
AsianOil: Shell Resumes LNG Shipments
From Australia’s Prelude FLNG LatAmOil: Trinidad And Tobago To Reduce
Shell said in a brief statement on April 11 that it Fuel Subsidies
had resumed shipping cargoes from its Prelude Colm Imbert, the prime minister of Trinidad
floating LNG (FLNG) facility offshore the north and Tobago, announced on April 8 that his gov-
coast of Western Australia. The facility had been ernment intended to reduce subsidies for petro-
offline for four months following a major power leum product prices as of April 19. In an address
failure. to members of the House of Representatives,
Imbert said that Port of Spain had taken the deci-
DMEA: Downstream Progress And Plans sion to hike fuel prices out of economic necessity.
Shell warned on April 7 it expected to book a
write-down charge of between $4 and $5bn in MEOG: Supplies And Output Rise
the first quarter on its Russian assets in light This week’s MEOG covers the delivery of Iraqi
of its decision to leave the country because of crude to the Jordanian border and efforts by Iran
Moscow’s war in Ukraine. The UK major previ- to increase production. Trucks carrying Iraqi
ously said it would write off only $3.4bn in value crude arrived at the country’s border with Jordan
because of its departure from Russia, where it has following the bilateral renewal of a supply agree-
a 27.5% stake in the Gazprom-operated Sakha- ment that had expired in January. Meanwhile,
lin LNG plant in the Russian Far East, as well as Iran has maintained its upstream momentum as
shares in Gazprom Neft’s Salym Petroleum and it seeks to increase production of both oil and
Gydan oil developments in Western Siberia. gas.
EurOil: UK Unveils Plan To Bolster Energy NorthAmOil: Canada Unveils Details Of
Security Carbon Capture Tax Credit
The UK government has unveiled a new energy The Canadian government has unveiled details
policy paper aimed at bolstering the country’s of its long-awaited tax incentives to help fund
energy security in the face of soaring gas and carbon capture projects in the country. The
power prices and Europe’s push to phase out Rus- incentives form part of Canadian Prime Minister
sian energy. In the run-up to the COP26 climate Justin Trudeau’s new fiscal plan, and are aimed at
summit in Glasgow last autumn, the government spurring investment in carbon capture and stor-
announced a number of ambitious targets to age (CCS) technologies
decarbonise industries and scale up renewables
and other low-carbon technologies See the archive and sign up to receive NRG Editor’s
Picks for free by email each week here.™
FSUOGM: Shell Warns Of $4-5bn Russian
Hit
Shell warned on April 7 it expected to book a
write-down chargeof between $4 and $5bn in
the firstquarter on its Russian assets in light of its
decision to leave the country because of Mocow’s
war inUkraine. The UK major previously said it
would write off only $3.4bn in value because of

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