Page 19 - MEOG Week 10 2021

MEOG NEWSBASE ROUNDUP GLOBAL (NRG) MEOG

NewsBase Roundup Global (NRG)

NRG WELCOME to NewsBase’s Roundup Global looking to strengthen its position as a hub for
(NRG), in which the reader is invited to join central Europe.
our team of international editors, who provide a
snapshot of some of the key issues affecting their FSU OGM: Russia inches up, Rosneft sues
regional beats. We hope you will like NRG’s new Russian crude oil and condensate supply inched
concise format, but by clicking on the headline down 0.8% month on month in February, pre-
link for each section the full text will be available liminary data from the country’s energy minis-
as before. try shows, primarily owing to a decline at fields
controlled by state-owned Rosneft and its sub-
AfrOil: Nigerian LNG in focus sidiary Bashneft.
Two LNG projects are in focus in Nigeria this National production averaged 10.054mn bar-
week. On the one hand, ExxonMobil (US) and rels per day (bpd) during the month, which also
Nigerian National Petroleum Corp. (NNPC) marked a 10.6% drop year on year.
have awarded UTM, a local infrastructure firm,
a contract for the installation of a floating LNG GLNG: Carbon-neutral LNG momentum
(FLNG) unit at the Yoho oilfield. The vessel may Carbon-neutral LNG is increasingly gaining
eventually be able to produce one or two stand- momentum as more industry players commit to
ard-size LNG cargoes per month. the concept, or put themselves on a path towards
it. This week, Tokyo Gas announced that it had
AsianOil: China Gas, Sinopec deepen ties joined 14 other Japanese companies in forming
Natural gas distributor China Gas has agreed to the Carbon Neutral LNG Buyers Alliance in an
forge a closer working relationship with state- effort to promote the more widespread use of the
owned Sinopec Group in the natural gas import greener version of the fuel.
and distribution segments.
The privately owned infrastructure operator LatAmOil: Activity offshore Guyana
said on March 4 that the two had signed a stra- Activity levels in Guyana’s offshore zone have
tegic co-operation framework agreement that remained high over the last week. Canada’s CGX
would mainly focus on natural gas, liquefied nat- Energy has confirmed plans to move ahead with
ural gas (LNG) and liquid petroleum gas (LPG). the drilling of two exploration wells at the Cor-
entyne and Demerara blocks offshore Guyana,
DMEA: Progress on Duqm and condensate while ExxonMobil (US) is preparing for the
Oman is continuing to push forward progress in return of a faulty compressor unit to the Liza
the developing its Duqm refinery, despite having Destiny, the floating production, storage and
halted engineering work on the integrated petro- off-loading (FPSO) vessel it has installed at the
chemical facility late last year. The 230,000 barrel Liza-1 oilfield within the Stabroek block.
per day (bpd) refinery is now expected to com-
mence operations late this year or early 2022, NorthAmOil: Chevron’s Noble move
and this week a supply conduit was completed to Chevron has struck an agreement to acquire all
connect the facility with gas processing facilities. the outstanding shares of Noble Midstream Part-
ners that it does not already own.
EurOil: Fluxys joins German LNG efforts The super-major already owns a nearly 63%
Belgium’s Fluxys has signed up to be an “indus- majority stake in Noble Midstream, which it
trial partner” at the planned Stade LNG import acquired when it took over its parent company,
terminal in Northern Germany, taking the ambi- Noble Energy, in a deal worth $4.1bn last year.
tious project a step closer towards realisation. Under the new all-stock deal, Noble Midstream’s
Stade LNG is the biggest of several LNG shareholders will receive 0.1393 of a Chev-
import schemes in Germany, which already has ron share for each Noble Midstream unit they
access to a diversified mix of gas supplies but is own.™

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