Page 18 - DMEA Week 03 2022

DMEA NEWSBASE ROUNDUP GLOBAL (NRG) DMEA

NewsBase Roundup Global (NRG)

NRG WELCOME to NewsBase’s Roundup Global Jonathan Stern, a research fellow at the
(NRG), in which the reader is invited to join Oxford Institute for Energy Studies noted that
our team of international editors, who provide a Russia has long warned its European gas cus-
snapshot of some of the key issues affecting their tomers against abandoning long-term contracts
regional beats. and shifting away from oil-indexed to gas market
We hope you enjoy NRG’s new concise for- prices.
mat, but by clicking on the headline link for each
section the full text will be available as before. GLNG: Work begins on Hai Lang LNG
Construction has begun on the first phase of
AfrOil: Duport refinery to launch soon the Hai Lang LNG-to-power project in Viet-
Backers of the Egbokor Energy Park project nam, according to a January 15 government
reportedly expect construction work on the announcement.
new facility, which is being built in Nigeria’s Edo The project is located in Quang Tri Province.
State, to be completed in less than three months.
According to Dr. Akintoye Akindele, the LatAmOil: Guyana to certify crude quality
CEO of Atlantic International Refinery and Pet- The Guyana National Bureau of Standards
rochemical, both the park’s owner, Duport Mid- (GNBS) is prepared to assume responsibility for
stream, and the bank providing the financing, testing crude oil extracted from the country’s
First City Monument Bank, have said that the offshore fields this year, ahead of the planned
complex will be ready for inauguration by the launch of the Liza-2 development project.
end of March. GNBS has been involved in the testing of
crude since December 2019, when the coun-
AsianOil: Inpex unveils offshore plans try’s first oilfield, Liza-1, began commercial
Japan’s Inpex unveiled plans this week to con- production.
duct exploratory drilling for natural gas offshore
Western Japan later this year. MEOG: Supporting gas and oil drives
According to a January 17 statement, the Iran is expected to begin commissioning on the
exploration campaign will be carried out off- final offshore phase of the supergiant South Pars
shore Shimane and Yamaguchi prefectures gas field development programme by the end of
between March and July. September as it seeks to boost gas availability.
Meanwhile, Abu Dhabi National Oil Co.
EurOil: Protection from gas price spike (ADNOC) announced this week that its drilling
Poland has slashed gas prices for small busi- arm had added two more rigs to its fleet, taking
nesses in an effort to shield them from the the total number to 99, with the new units due
energy crisis unfolding across Europe. to work at two of the UAE’s most important oil
Consumers across the continent face higher assets.
gas and power bills this year, following a sharp
rebound in demand as coronavirus (COVID-19) NorthAmOil: ExxonMobil’s net-zero goal
restrictions have been eased. ExxonMobil announced this week that it would
pursue an “ambition” to achieve net zero green-
FSUOGM: Expert hits back at IEA claims house gas emissions from its operated assets by
A leading expert on the European gas market 2050.
has criticised the International Energy Agency The move represents a significant step for the
for blaming Russia for causing the continent’s super-major, which previously avoided commit-
energy crisis, instead attributing high energy ting to net zero on the basis that it had no realis-
bills to the EU’s own policies. tic plan for achieving such a goal.™

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P18 www. NEWSBASE .com Week 03 20•January•2022