Page 14 - GLNG Week 20 2022

GLNG NEWSBASE’S ROUNDUP GLOBAL (NRG) GLNG

NewsBase’s Roundup Global (NRG)

NRG WELCOME to NewsBase’s Roundup Global countries of the former Soviet Union, reached
(NRG), in which the reader is invited to join 55.9bn cubic metres between January 1 and May
our team of international editors, who provide a 15, down 26.5% year on year.
snapshot of some of the key issues affecting their
regional beats. We hope you will like NRG’s new GLNG: Hammerfest LNG opening again
concise format, but by clicking on the headline link delayed
for each section the full text will be available as Equinor has again delayed the start-up of the
before. Hammerfest LNG export project at Melkøya in
Norway after a fault with a compressor was dis-
AfrOil: Afreximbank, APPO aim to create covered. The company said that extensive repairs
new oil and gas financing avenue at Melkøya had been completed, but that the final
The African Export-Import Bank (Afrex- run-up of the plant was taking somewhat longer
imbank) and the African Petroleum Producers than planned.
Organisation (APPO) are teaming up to estab-
lish a new avenue of funding for oil and gas LatAmOil: CGX not yet ready to declare
projects in Africa. In a statement, AEC said that Kawa-1 commercial
Afreximbank and APPO had signed a memo- Canada’s CGX Energy, the operator of the Cor-
randum of understanding on the establishment entyne block offshore Guyana, is not yet ready to
of a new pan-African energy bank during the determine whether the hydrocarbon discovery
CAPE VIII conference in Luanda on May 16. at the Kawa-1 well is commercially viable. Dr.
Mark Zorback, CGX’s senior technical advisor,
AsianOil: Chinese refinery throughput said during a virtual presentation last week that
down amid lockdowns while results from the exploration well were very
Chinese refinery throughput was down 11% promising, the company and its partner Frontera
year on year in April, the latest data from the Energy had not reached a formal conclusion.
National Bureau of Statistics (NBS) have shown.
According to the NBS, China’s crude throughput MEOG: Turkish drilling, Saudi results
totalled 51.81mn tonnes in April, equivalent to In this week’s MEOG, we cover drilling plans in
12.61mn barrels per day. Turkey and Aramco’s Q1 results. Turkish Petro-
leum (TPAO) has announced plans this week to
DMEA: Borouge IPO details emerge kick off Turkey’s largest ever drilling campaign
In this week’s DMEA, we cover plans for the as the company prepares to receive its fourth
IPO of chemicals firm Borouge and Eskom’s fuel drillship. Meanwhile, Saudi Aramco declared
predicament. Abu Dhabi National Oil Co. and net income of $39.5bn, up 82% year on year as
Borealis this week announced plans for the ini- it benefitted more than anyone from an aver-
tial public offering of a 10% stake –3bn shares – age realised crude price of $97.7 per barrel, an
in their Borouge joint venture, which will launch increase of more than $37 per barrel y/y.
later this month on the ADX stock market.
Meanwhile, criticism has been levelled at South NorthAmOil: Chevron sanctions Ballymore
African power firm Eskom, which this week said project in deepwater Gulf
that it had resorted to burning 40mn litres of die- Chevron announced on May 17 that it had taken
sel this month just to remain operational. a final investment decision on the Ballymore
project in the US Gulf of Mexico. The project
EurOil: Germany, Qatar at odds in LNG has a design capacity of 75,000 barrels per day of
talks oil and will be developed as a subsea tieback to
Germany and Qatar are at odds over contract Chevron’s Blind Faith platform, the super-major
terms over LNG supply, according to Reuters, said.
in particular regarding the latter’s preference for
long-term contracts with destination clauses. See the archive and sign up to receive NRG Editor’s
Germany has no regasification capacity and relies Picks for free by email each week here.™
on pipeline gas imports, mainly from Russia.

FSUOGM: Gazprom slashes gas supply to
Europe by over a quarter YTD
Russia’s Gazprom has slashed gas supplies to
Europe by more than a quarter this year, the
company reported on May 16, despite a bump
in its production over the same period. The
state gas supplier’s exports to the so-called Far
Abroad, referring to Europe plus Turkey, minus

P14 www. NEWSBASE .com Week 20 20•May•2022