Page 14 - FSUOGM Week 09 2022

FSUOGM NEWSBASE ROUNDUP GLOBAL (NRG) FSUOGM

NewsBase Roundup Global (NRG)

NRG Welcome to NewsBase’s Roundup Global to Russia’s recognition of eastern Ukraine’s
(NRG), in which the reader is invited to join breakaway regions of Donetsk and Lugansk
our team of international editors, who provide a as independent, while German Chancellor
snapshot of some of the key issues affecting their Olaf Scholz announced that his government
regional beats. We hope you will like NRG's new would halt the certification process neces-
concise format, but by clicking on the headline sary for the pipeline to start up.
link for each section the full text will be available
as before. GLNG: Shell, PipeChina Sign Terminal Use
Agreement
AfrOil: Venus-1x May Be Sub-Saharan Afri- Subsidiaries of Shell and China Oil & Gas Pipe-
ca’s Largest Oil Find line Network – known as PipeChina – have
UK-based Wood Mackenzie, a prominent signed a memorandum of co-operation (MoC)
energy consultancy, has speculated that the and two terminal use agreements.
Venus discovery announced last week by The terminal user agreements with Shell
TotalEnergies (France) at the PEL 56 licence Energy (China) are for two LNG receiving
area offshore Namibia may be the largest oil facilities – Yuedong LNG and Beihai LNG –
find ever made in sub-Saharan Africa. for this year.
In a confidential report, the consultancy
said that in light of results from the Venus-1x LatAmOil: IEASA Gets Green Light For Vaca
wildcat well, it now “conservatively estimates Muerta Gas Line
recoverable oil volumes of over 3bn barrels,” Argentina’s government has authorised
the report said. state-owned Integración Energética SA
(IEASA) to build a new pipeline that will
AsianOil: JERA To Pursue LNG-To-Power serve unconventional gas fields in the Vaca
In Vietnam Muerta shale formation.
Japan’s JERA announced on March 1 that Buenos Aires gave IEASA a green light
it had kicked off full-scale operations in for the project last week, when it issued a
Vietnam. The company – a 50:50 joint ven- decree granting the company a concession
ture between utilities Tokyo Electric Power for the project.
Co. (TEPCO) and Chubu Electric Power –
intends to pursue LNG-to-power projects MEOG:Aramco Makes Gas Finds
through its new Vietnamese unit.. This week’s MEOG covers the discovery of
new gas fields in Saudi Arabia and a poten-
DMEA: Asset Sales And Petchem Plans tial concession deal in Oman.
This week’s DMEA includes coverage of Bah- Saudi Arabia announced over the week-
rain’s steps towards monetising its oil and gas end that state oil firm Saudi Aramco has
infrastructure and efforts by Iran to increase discovered new gas fields in four regions of
feedstock for petrochemical production. the Kingdom, boosting the size of its con-
Bahrain’s Oil & Gas Holding Co. (noga- ventional and unconventional gas reserves.
holding) is hiring a team of advisors to work
on plans to monetise oil and gas assets, NorthAmOil: FERC Approves Gas Pipeline
according to the company’s CEO. Certification Shake-Up
The US Federal Energy Regulatory Commis-
Euroil: Nord Stream 2 Becomes Insolvent sion (FERC) has agreed to overhaul the certi-
The Swiss-based operator of Russia’s belea- fication process for new natural gas pipeline See the archive and
guered Nord Stream 2 gas pipeline project projects. sign up to receive
has become insolvent, a Swiss official told The commission voted for changes that *NRG Editor’s Picks*
local radio on March 1. would result in greater scrutiny of the eco- for free by email each
The US slapped Nord Stream 2 with nomic need for new projects, as well as their week here
additional sanctions last week in response environmental and local impacts.

P14 www. NEWSBASE .com Week 09 02•March•2022