Page 14 - NorthAmOil Week 16 2022

NorthAmOil NEWSBASE’S ROUNDUP GLOBAL (NRG) NorthAmOil

NewsBase’s Roundup Global (NRG)

GLOBAL WELCOME to NewsBase’s Roundup Global FSUOGM: Novak warns that Russian ener-
(NRG), in which the reader is invited to join gy sanctions are like a “boomerang”
our team of international editors, who provide a Russian Deputy Prime Minister and former
snapshot of some of the key issues affecting their energy minister Alexander Novak has warned
regional beats. We hope you will like NRG’s new that sanctions against Russia’s energy sector
concise format, but by clicking on the headline link act like a “boomerang,” hurting the countries
for each section the full text will be available as that introduced them more. The EU declared
before. earlier this month that it would ban Russian
coal imports, and the European Commission
AfrOil: NNPC sees AKK gas pipeline has signalled it will impose restrictions on
launched in Q1-2023 oil supplies as well in its upcoming sanctions
Mele Kyari, the group managing director of package.
Nigerian National Petroleum Co. (NNPC),
expects the Ajaokuta-Kaduna-Kano (AKK) GLNG: Japanese government to support in-
natural gas pipeline to begin operating in the vestment in new LNG import sources
first quarter of 2023. According to a state- Japan aims to increase its LNG important capac-
ment issued by his leading spokesman Garba ity and investment by Japanese companies in
Muhammad, Kyari told NNPC board mem- upstream production projects worldwide. Japa-
bers last week that upstream producers were on nese Minister of Economy, Trade and Industry
track to make sufficient volumes of gas available Koichi Hagiuda said that the government was
for AKK on time. concentrating on reducing its dependency on
imports of Russian LNG.
AsianOil: Petronet may consider fourth
LNG import terminal in India LatAmOil: ANP notes strong interest in
India’s Petronet LNG may consider building a Brazil’s latest bidding round
fourth LNG import terminal in India in order to Brazil’s National Agency of Petroleum, Natural
meet rising demand. Petronet’s CEO, A K Singh, Gas and Biofuels (ANP) reported last week that
told the Press Trust of India last week that the the most recent bidding round, the Third Cycle
company expects Indian gas demand to con- of the Open Acreage in the Concession Model,
tinue growing. had attracted more attention than anticipated.
According to Rodolfo Saboia, the agency’s direc-
DMEA: Saudi petchems and Sonangol’s tor-general, shows of interest from investors out-
strategy weighed all expectations.
In this week’s DMEA we look at some of the lat-
est updates from Saudi petrochemicals firms and MEOG: ADES continues fleet expansion
Angola’s plans to go it alone on its main refin- This week’s MEOG covers the expansion of a
ery project. Saudi’s Sipchem this week posted a Saudi driller and progress on Iraqi gas licensing.
162% increase in net profit for the first quarter Indian drilling company Aban Offshore this
of the year, buoyed by reduced finance costs and week announced that it has agreed a deal to sell
increased profits from JVs. Meanwhile, Angolan four jack-up rigs to Saudi Arabia’s ADES Group
NOC Sonangol has decided to move forward as the companies plot opposing courses. Mean-
with the construction of a new refinery at Lobito, while, the Iraqi government is seen making a
even though it has yet to choose a partner for the decision on the finalisation of a contract for the
project, according to Sebastião Gaspar Martins, Akkas gas field in the western Al Anbar Gover-
the company’s president. norate by early May.

EurOil: Irish government to reconsider NorthAmOil: Biden administration restarts
stance on LNG onshore lease sales
Ireland has followed other European nations The administration of US President Joe Biden
in announcing a new strategy to bolster energy announced on April 15 that it was restarting oil
security in response to Russia’s war in Ukraine and gas leasing on federal land. The move marks
and soaring energy prices globally. But while the end of a pause on new onshore federal leas-
the government said in the strategy it might ing that was imposed in the early days of Biden’s
reconsider its opposition to building LNG presidency.
import terminals, there were no hints that it
could reverse its position against domestic gas See the archive and sign up to receive NRG Editor’s
exploration. Picks for free by email each week here.™

P14 www. NEWSBASE .com Week 16 21•April•2022