Page 21 - DMEA Week 28 2022

DMEA NEWSBASE ROUNDUP GLOBAL (NRG) DMEA

NewsBase Roundup Global (NRG)

NRG WELCOME to NewsBase’s Roundup Global achieve its goal of reducing emissions by 55% by
(NRG), in which the reader is invited to join the end of the decade.
our team of international editors, who provide a
snapshot of some of the key issues affecting their FSUOGM: Nord Stream 1 outlook
regional beats. By clicking on the headline link The Nord Stream 1 pipeline closed down on July
for each section the full text will be available. 11 for routine maintenance that was planned
well in advance, and which takes place every
AfrOil: Namibia blasts Kavango critics summer. While under normal circumstances
Namibia’s Energy Minister Tom Alweendo has the 10-day closure would be no cause for alarm,
expressed frustration with critics of the country’s European officials have raised the possibility that
plans to move forward with oil and gas explo- Moscow may keep the 55bn cubic metre per year
ration, asserting that much of the opposition pipeline offline for longer, in order to further
to these plans comes from foreign countries destabilise European energy markets.
that have already benefited from hydrocarbon
development. GLNG: Shell signs Mexico LNG supply deal
“They did drill just like we are drilling, and Shell (UK) announced on July 12 that its subsid-
when their economy grew where it has grown, iary Shell Eastern Trading Ltd had arranged to
where they created the wealth they needed to purchase 2.6mn tonnes per year of LNG from a
have and have developed their people, now sud- new gas liquefaction plant slated for construc-
denly they are telling us: ‘Stop doing that,’” he tion at Puerto Libertad in Mexico’s Sonora State.
remarked during an Energy Ministry informa- In a statement, Shell said that its subsidiary
tion session in Kavango East. had signed a sales and purchase agreement
with an affiliate of the future plant’s owner and
AsianOil: Japan to conserve gas supplies operator Mexico Pacific Ltd (MPL), which is
Japan is considering steps to conserve natural controlled by the US investment firm AVAIO
gas supplies amid fears of a potential disruption. Capital.
This week it emerged that Tokyo may ask house-
holds and businesses to cut back on gas usage MEOG: Progress and processing
when supply is tight. In MEOG this week, we look at progress in
This comes after Moscow ordered the trans- Turkey’s upstream, while Iran seeks to ramp up
fer of ownership in the Sakhalin-2 oil and LNG processing capacity. Turkish Petroleum Corp.
project to a newly established Russian company (TPAO) this week announced the discovery of
and warned Japanese firms Mitsui & Co. and a small onshore oilfield as efforts ramp up to tap
Mitsubishi, which own stakes in the project, that its flagship offshore gas asset.
they could lose their access to it. Meanwhile, Iran has announced plans to
increase its slate of gas-based products with a
EurOil: EU warns of “conflict and strife” view to ramping up exports.
The EU’s second most senior official has warned
that the bloc runs the risk of “very, very strong NorthAmOil: Suncor change following death
conflict and strife” this winter over the high Suncor Energy’s president and CEO, Mark Lit-
cost of energy, and in the short term, he called tle, has stepped down from his role following
for the EU to expand its supply of fossil fuels to another worker fatality at a site operated by the
alleviate the crisis. In July last year, the EU passed company.
its sweeping Fit-for-55 climate package, aimed The fatality, involving a worker at Suncor’s oil
at rapidly reducing the use of oil, gas and coal sands base plant in Alberta, was the fifth for the
and expanding the deployment of renewables company since Little became CEO in 2019 and
and other low-carbon technologies, in order to the thirteenth since 2014.™

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