Page 8 - LatAmOil Week 45
P. 8
LatAmOil NRG LatAmOil
Part of the government’s strategy to raise inves- market.
tor interest in its SPR programme has been to Construction of the Duqm refinery itself is
allow Abu Dhabi National Oil Co. (ADNOC) to continuing on schedule, though, with its com-
re-export some of the crude oil it stored in the pletion on track for the first quarter of 2022.
Mangalore SPR.
Pradhan said in September that the country If you’d like to read more about the key events shaping
was considering also strategic storage in the US the downstream sector of Africa and the Middle East,
and other “commercially viable locations”. then please click here for NewsBase’s DMEA Monitor.
If you’d like to read more about the key events Europe: Danish delays
shaping the Asian oil and gas sector then please click The restart of Denmark’s largest gas field after
here for NewsBase’s AsianOil Monitor. a redevelopment programme has been delayed
by a year as a result of coronavirus (COVID-19)
Nigerian protests related disruptions.
Nigerian workers demonstrated on November 3 The Total-operated Tyra field accounted for
over pay issues outside the 650,000 barrel per day 90% of Danish gas output until its closure in Sep-
(bpd) refinery Dangote is developing near Lagos. tember last year. It will not resume production
The protests come at a time when Nigeria is in until the second quarter of 2023, compared with
the grip of civil unrest, triggered by outrage over an original target of July 1, 2022, project partner Azerbaijan
civil and human rights abuses. Noreco has confirmed in a statement.
According to Dangote, the protestors were Tyra began producing gas in 1984, and in the remains adamant
not its employees but were subcontractors. They subsequent decades its platforms subsided by
are complaining about low wages and poor more than 5 metres, according to Total. Their that it will begin
working conditions, reports on social media topsides were removed in August and will be
state. replaced with new and elevated topsides, while piping gas to
The refinery is being erected at the Lekki free jacket extensions will be fitted onto the existing Europe via the
trade zone some 70 km east of Lagos, Nigeria’s jacket structures.
commercial capital. Nigeria is counting on the The field’s closure led Denmark to become Southern Gas
$10bn project, due on stream in two years, to a net importer of gas, reliant on supplies from
end its dependence on fuel imports and even neighbouring Germany. Once it is back on line, Corridor shortly
produce a surplus for export. Dangote said Denmark expects to re-emerge as a net gas
this month that the refinery had reached 80% exporter and retain this status until at least 2035.
completion. Over in France, utility Engie has abandoned
Lagos has seen weeks of protests against pol- talks with US-based NextDecade over a pro-
icy brutality that culminated in the shooting of posed LNG supply deal involving gas from the
peaceful protestors by military and police on planned Rio Grande LNG terminal in South
October 20, according to Amnesty International. Texas.
In some areas the protests have turned into riot- This comes after NewsBase reported last
ing and looting. week that Engie had delayed signing a deal with
Over in Oman, OQ and Kuwait Petroleum NextDecade following pressure from the French
are reconsidering plans for a petrochemicals unit government – which has a 23.6% stake in the
at the 230,000 bpd refinery they are building in utility – to seek cleaner supplies instead.
Duqm. Their joint venture said in a statement The French government banned domes-
that it had halted front-end engineering design tic hydraulic fracturing in 2011 and has since
(FEED) work, while its board assesses the impact expressed misgivings over importing gas that is
of the coronavirus (COVID-19) crisis on the produced using the technique.
P8 www. NEWSBASE .com Week 45 12•November•2020