Page 17 - LatAmOil Week 07 2023

LatAmOil NEWSBASE ROUNDUP GLOBAL (NRG) LatAmOil

NewsBase Roundup Global (NRG)

NRG Welcome to NewsBase’s Roundup Global supply buffer. THE reported that it had booked
(NRG), in which the reader is invited to join 35 TWh of capacity at gas caverns in Wolfers-
our team of international editors, who provide a berg, Katharina and Rehden, the country’s larg-
snapshot of some of the key issues affecting their est storage depot.
regional beats. We hope you will like NRG’s new
concise format, but by clicking on the headline FSU OGM: Azerbaijan targets further
link for each section the full text will be available growth in gas exports in 2023
as before. Azerbaijan will boost natural gas exports to
24.5bn cubic metres in 2023, up from 22.6
AfrOil: NGOs file complaint against US bcm last year, Azeri President Ilham Aliyev
insurer over role in EACOP project announced at a ministerial meeting of the South-
A group of non-governmental organisations ern Gas Corridor Advisory Council on February
(NGOs) has alleged that New York-based Marsh, 3. He also stated that imports had grown in 2022,
a member of the Marsh McLennan Group, is from 19 bcm in 2021.
violating international guidelines for respon-
sible business conduct by brokering insurance GLNG: India to ramp up LNG imports
underwriting services for the East Africa Crude as shift away from coal gains pace
Oil Pipeline (EACOP) project. India will prioritise boosting LNG import capac-
ity, Prime Minister Narendra Modi revealed on
AsianOil: Russia, China sign deal on Far February 6 at the India Energy Week (IEW) con-
Eastern gas supplies ference in Bangalore, with New Delhi setting a
Russia and China have signed an intergovern- target of raising the proportion of natural gas
mental agreement on pipeline gas deliveries via in the country’s energy mix to 15% by 2030, up
the Far East, the Russian energy ministry has from the current level of 6%.
reported in a document, moving the two sides to
a new stage in negotiations on the supply route. MEOG: Kish gas development deal
signed in Iran
DMEA: Astron’s Cape Town refinery set Two state-owned Iranian firms have signed a
to return to service $900mn deal for the development of the coun-
Glencore-owned Astron Energy reported on try’s second-largest gas field in the Persian
February 1 that it was set to re-commission its Gulf. A signing ceremony was held in Tehran
100,000-barrel per day (bpd) Cape Town refin- between the Iranian Offshore Engineering and
ery in South Africa. Regarding the Milnerton Construction Co. (IOEC) and Pars Oil and Gas
plant, Astron said: “We are in the final steps of a Co. (POGC), with Oil Minister Javad Owji and
safe full restart ... and plan to fully recommence Mohsen Khojastehmehr, CEO of the National
the production of refined products for supply Iranian Oil Co. (NIOC), in attendance.
into the Western Cape and the wider South Afri-
can regions in the coming weeks.” NorthAmOil: Equinor receives licence
for discovery offshore Newfoundland
EurOil: Germany’s THE stocks up on The Canada-Newfoundland and Labrador Off-
gas ahead of next winter shore Petroleum Board (C-NLOPB) has issued
Trading Hub Europe (THE), the organisation a license to Equinor for the Cappahayden K-67
tasked with filling Germany’s underground gas discovery in the province’s waters. The board
storage facilities, said on February 6 that it had estimates that it holds about 385mn barrels of
contracted substantial storage capacity for next recoverable oil. It is C-NLOPB’s first such licence
winter to provide the country with a sufficient in two years. ™

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Week 07 15•February•2023 www. NEWSBASE .com P17