Page 16 - MEOG Week 28 2022

MEOG NEWSBASE ROUNDUP GLOBAL (NRG) MEOG

NewsBase Roundup Global (NRG)

NRG WELCOME to NewsBase’s Roundup Global EurOil: EU warns of “conflict and strife”
(NRG), in which the reader is invited to join The EU’s second most senior official has warned
our team of international editors, who provide a that the bloc runs the risk of “very, very strong
snapshot of some of the key issues affecting their conflict and strife” this winter over the high
regional beats. By clicking on the headline link cost of energy, and in the short term, he called
for each section the full text will be available. for the EU to expand its supply of fossil fuels to
alleviate the crisis. In July last year, the EU passed
AfrOil: Namibia blasts Kavango critics its sweeping Fit-for-55 climate package, aimed
Namibia’s Energy Minister Tom Alweendo has at rapidly reducing the use of oil, gas and coal
expressed frustration with critics of the country’s and expanding the deployment of renewables
plans to move forward with oil and gas explo- and other low-carbon technologies, in order to
ration, asserting that much of the opposition achieve its goal of reducing emissions by 55% by
to these plans comes from foreign countries the end of the decade.
that have already benefited from hydrocarbon
development. FSUOGM: Nord Stream 1 outlook
“They did drill just like we are drilling, and The Nord Stream 1 pipeline closed down on July
when their economy grew where it has grown, 11 for routine maintenance that was planned
where they created the wealth they needed to well in advance, and which takes place every
have and have developed their people, now sud- summer. While under normal circumstances
denly they are telling us: ‘Stop doing that,’” he the 10-day closure would be no cause for alarm,
remarked during an Energy Ministry informa- European officials have raised the possibility that
tion session in Kavango East. Moscow may keep the 55bn cubic metre per year
pipeline offline for longer, in order to further
AsianOil: Japan to conserve gas supplies destabilise European energy markets.
Japan is considering steps to conserve natural
gas supplies amid fears of a potential disruption. GLNG: Shell signs Mexico LNG supply deal
This week it emerged that Tokyo may ask house- Shell (UK) announced on July 12 that its subsid-
holds and businesses to cut back on gas usage iary Shell Eastern Trading Ltd had arranged to
when supply is tight. purchase 2.6mn tonnes per year of LNG from a
This comes after Moscow ordered the trans- new gas liquefaction plant slated for construc-
fer of ownership in the Sakhalin-2 oil and LNG tion at Puerto Libertad in Mexico’s Sonora State.
project to a newly established Russian company In a statement, Shell said that its subsidiary
and warned Japanese firms Mitsui & Co. and had signed a sales and purchase agreement
Mitsubishi, which own stakes in the project, that with an affiliate of the future plant’s owner and
they could lose their access to it. operator Mexico Pacific Ltd (MPL), which is
controlled by the US investment firm AVAIO
DMEA: Cabinda CDU and Nigerian biofuels Capital.
Brazilian contractor Odebrecht Engenharia e
Construção (OEC) this week announced that it NorthAmOil: Suncor change following death
has installed the distillation tower at the 60,000 Suncor Energy’s president and CEO, Mark Lit-
barrel per day refinery in Angola’s Cabinda tle, has stepped down from his role following
exclave. another worker fatality at a site operated by the
Meanwhile, a delegation from the Nigerian company.
National Petroleum Corp. (NNPC) Ltd visited The fatality, involving a worker at Suncor’s oil
Kogi State this week as plans formalise around sands base plant in Alberta, was the fifth for the
the development of a new biofuel plant. company since Little became CEO in 2019 and
the thirteenth since 2014.™

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P16 www. NEWSBASE .com Week 28 13•July•2022