Page 16 - DMEA Week 08 2023

DMEA NEWSBASE ROUNDUP GLOBAL (NRG) DMEA

NewsBase Roundup Global (NRG)

NRG WELCOME to NewsBase’s Roundup Global Advisory Council on February 3.
(NRG), in which the reader is invited to join Imports also grew in 2022, from 19 bcm in
our team of international editors, who provide a 2021, the Azeri president said.
snapshot of some of the key issues affecting their
regional beats. By clicking on the headline link for GLNG: India plans to ramp up LNG imports
each section the full text will be available. India will prioritise boosting its liquefied natural
gas import capacity, Prime Minister Narendra
AfrOil: NGOs complain against insurer Modi revealed on February 6 at the India Energy
A group of non-governmental organisations Week (IEW) conference in Bengaluru, with New
(NGOs) has alleged that New York-based Marsh, Delhi setting a target of raising the proportion of
a member of the Marsh McLennan Group, is natural gas in its energy mix to 15% by 2030 from
violating international guidelines for responsible its current level of 6%.
business conduct by brokering insurance under- State-owned Petronet LNG hopes to add
writing services for the East Africa Crude Oil 12mn tonnes per year of additional supply
Pipeline (EACOP) project. through long-term contracts, the company’s
The group, which pairs Inclusive Development managing director, Akshay Kumar Singh, said at
International (IDI) of the US with 10 Ugandan IEW.
and Tanzanian NGOs focused on environmen-
tal and human rights issues, has filed a complaint LatAmOil: Perupetro to deal with investors
against Marsh with the National Contact Point Peru’s national oil and gas concessionaire Peru-
(NCP), a division of the US Department of State. petro revealed on February 2 that it had opened
up 31 new exploration licences for investment
AsianOil: Russia, China sign gas deal and was prepared to negotiate directly with pro-
Russia and China have signed an intergovern- spective partners.
mental agreement on pipeline gas deliveries via Fernando Ruiz Lecaros, a member of Perupet-
the Far East, the Russian energy ministry has ro’s board of directors, told investors in Houston
reported in a document last week, moving the that the new licence areas were located within the
two sides to a new stage in negotiations on the Madre de Dios, Maranon, Salaverry, Tumbes and
supply route. Uyucali basins.
The agreement, signed by the two govern-
ments on January 31, sets out the key parameters MEOG: IDC completes another Zubair well
for a 10bn cubic metre per year gas supply con- The state-owned Iraqi Drilling Co. (IDC) this
tract that they clinched in February 2022. week announced that it has completed drilling
well 579 at the Zubair oilfield in the south-east
EurOil: THE stockpiles gas ahead of winter of the country.
Trading Hub Europe (THE), the organisation that Speaking to the Iraqi News Agency (INA), an
has been tasked with filling Germany’s under- IDC spokesperson said that “technical and engi-
ground gas storage facilities, said on February 6 neering personnel have completed drilling the
it had contracted substantial storage capacity for directional oilwell Zubair 579 at a depth of 2,472
next winter to provide the country with a suffi- metres.”
cient supply buffer.
THE reported that it had booked 35 TWh of NorthAmOil: INEOS buys into Eagle Ford
capacity at gas caverns in Wolfersberg, Katharina INEOS Energy is entering US oil and gas pro-
and Rehden, the country’s largest. duction for the first time with the acquisition of
a portion of Chesapeake Energy’s remaining oil
FSUOGM: Azerbaijan to raise gas exports and gas assets in the Eagle Ford shale, located in
Azerbaijan will boost natural gas exports to southern Texas, for $1.4bn. The British chemical
24.5bn cubic metres in 2023, from 22.6 bcm last manufacturer will acquire 2,300 wells, which pro-
year, Azeri President Ilham Aliyev announced at a duced a net of 36,000 barrels of oil equivalent per
ministerial meeting of the Southern Gas Corridor day, 81% liquid, in the fourth quarter of 2022.™

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