Page 15 - DMEA Week 15 2022

DMEA NEWSBASE ROUNDUP GLOBAL (NRG) DMEA

NewsBase Roundup Global (NRG)

NRG WELCOME to NewsBase’s Roundup Global Gazprom-operated Sakhalin LNG plant in the
(NRG), in which the reader is invited to join Russian Far East, as well as shares in Gazprom
our team of international editors, who provide a Neft’s Salym Petroleum and Gydan oil develop-
snapshot of some of the key issues affecting their ments in Western Siberia.
regional beats.
We hope you enjoy NRG’s new concise for- GLNG: ADNOC orders LNG tankers
mat, but by clicking on the headline link for each Abu Dhabi National Oil Co. (ADNOC) has
section the full text will be available as before. confirmed it is to order two 175,000 cubic metre
LNG tankers from Shanghai’s Jiangnan Shipyard
AfrOil: Sonatrach to increase Italy supplies as part of plans to expand its shipping fleet and to
Algeria’s national oil company Sonatrach has raise LNG production.
cut a deal with the Italian major Eni to deliver ADNOC Logistics & Services (ADNOC
an additional 9bn cubic metres of natural gas in L&S), the company’s shipping unit, said on April
2022-2023. The two sides signed a new supply 12 that it had signed a contract for the construc-
agreement during Italian Prime Minister Mario tion of two 175,000 cubic metre LNG vessels and
Draghi’s visit to Algeria on Monday, April 11. expected that they would be delivered in 2025.

AsianOil: Shell resumes Prelude shipments LatAmOil: T&T to reduce fuel subsidies
Shell said in a brief statement on April 11 that it Colm Imbert, the prime minister of Trinidad
had resumed shipping cargoes from its Prelude and Tobago, announced on April 8 that his gov-
floating LNG facility offshore the north coast of ernment intended to reduce subsidies for petro-
Western Australia. leum product prices as of April 19.
The facility had been offline for four months In an address to members of the House of
following a major power failure. Representatives, Imbert said that Port of Spain
had taken the decision to hike fuel prices out of
EurOil: UK to bolster energy security economic necessity.
The UK government has unveiled a new energy
policy paper aimed at bolstering the country’s MEOG: Supplies and output rise
energy security in the face of soaring gas and This week’s MEOG covers the delivery of Iraqi
power prices and Europe’s push to phase out crude to the Jordanian border and efforts by Iran
Russian energy. to increase production.
In the run-up to the COP26 climate sum- Trucks carrying Iraqi crude arrived at the
mit in Glasgow last autumn, the government country’s border with Jordan following the
announced a number of ambitious targets to bilateral renewal of a supply agreement that had
decarbonise industries and scale up renewables expired in January. Meanwhile, Iran has main-
and other low-carbon technologies. tained its upstream momentum as it seeks to
increase production of both oil and gas.
FSUOGM: Shell warns of Russian hit
Shell warned on April 7 it expected to book a NorthAmOil: Canada details tax credit
write-down charge of between $4 and $5bn in The Canadian government has unveiled details
the first quarter on its Russian assets in light of of its long-awaited tax incentives to help fund
its decision to leave the country because of Mos- carbon capture projects in the country.
cow’s war in Ukraine. The incentives form part of Canadian Prime
The UK major previously said it would write Minister Justin Trudeau’s new fiscal plan, and
off only $3.4bn in value because of its departure are aimed at spurring investment in carbon cap-
from Russia, where it has a 27.5% stake in the ture and storage technologies.™

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