Page 8 - LatAmOil Week 45
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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
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