Page 14 - MEOG Week 14 2022

MEOG NEWSBASE ROUNDUP GLOBAL (NRG) MEOG

NewsBase Roundup Global (NRG)

NRG WELCOME to NewsBase’s Roundup Global Kavala and Prions concessions.
(NRG), in which the reader is invited to join
our team of international editors, who provide a FSUOGM: EU’s Russian gas challenge
snapshot of some of the key issues affecting their The EU’s plan to cut Russian gas purchases
regional beats. by two thirds by the end of this year will be
We hope you enjoy NRG’s new concise for- “extremely challenging” to achieve, even if the
mat, but by clicking on the headline link for each issue of contractual obligations is ignored, the
section the full text will be available as before. Oxford Institute for Energy Studies (OIES) has
said in a report.
AfrOil: NLNG urged to open access to pipes Under its REPowerEU plan, the European
Nigeria’s Minister of State for Petroleum Commission is looking to achieve the reduction
Resources Timipre Sylva has asked shareholders in Russian imports by expanding LNG supply
in Nigeria LNG (NLNG) to let other natural gas by 50bn cubic metres, increasing deliveries from
producers access their pipelines so that addi- other pipeline suppliers by 10 bcm and ramping
tional feedstock can be delivered to the consor- up biomethane production by 3.5 bcm.
tium’s plant on Bonny Island.
Speaking during a meeting with Stefano De GLNG: Mexican LNG makes advances
Leo, the new Italian ambassador to Abuja, on Two Mexican LNG projects have taken steps for-
April 4, Sylva noted that the NLNG plant was ward over the past week.
currently operating at only around 70% of its On March 31, it was announced that
installed capacity because it was not receiving TotalEnergies had signed a memorandum of
enough gas. understanding with Sempra Infrastructure, a
subsidiary of US-based Sempra, on the purchase
AsianOil: Dorado moves closer to FID of a share of future production from the planned
The Dorado project, which is being developed Vista Pacífico LNG plant.
by Santos and Carnarvon Energy offshore West- Then, on April 1, China’s Guangzhou Devel-
ern Australia, has taken what has been described opment Group (GDG) said it had signed a long-
as a significant step towards a final investment term supply agreement for LNG from an export
decision. terminal that Houston-based MPL intends to
Australian Minister for Resources and Water build at Puerto Libertad in Mexico’s Sonora
Keith Pitt said on April 5 that Santos and Car- State.
narvon had accepted a production licence cov-
ering Dorado, which is located in the offshore LatAmOil: Exxon makes Yellowtail FID
Bedout sub-basin. ExxonMobil (US) has made a final investment
decision on Yellowtail, its fourth development
DMEA: Dangote launch date optimism project at the Stabroek block offshore Guyana.
Nigeria’s Dangote Group this week reiterated its In a statement dated April 4, the US-based
intention to begin operations at its greenfield, super-major said it had opted to move forward
650,000 barrel per day refinery at Lekki outside with the project after securing all necessary gov-
Lagos. ernment and regulatory approvals for work at
Meanwhile, Saudi Aramco Base Oil Co. Yellowtail.
(Luberef) is reported to be planning to launch
an initial public offering of shares on the local NorthAmOil: Ascent considering IPO
Tadawul All Share Index (TASI), the Riyadh US shale driller Ascent Resources is said to be
stock exchange. preparing for an initial public offering in which
it hopes to be given a market valuation of around
EurOil: Greece to revive offshore exploration $6bn.
Greece is looking to revive offshore natural gas The move, reported by Reuters, which cited
exploration in order to safeguard its energy sources familiar with the matter, comes around
security amid soaring prices across Europe, gov- a week after a separate report from Bloomberg
ernment sources told Reuters on April 5. said Ascent has discussed a potential merger
Greece has produced small quantities of oil with fellow shale gas producer Gulfport
in the past, including at the now-mature South Energy.™

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P14 www. NEWSBASE .com Week 14 06•April•2022