Page 18 - AfrOil Week 03 2022

AfrOil NEWSBASE ROUNDUP GLOBAL (NRG) AfrOil

NewsBase Roundup Global (NRG)

NRG Welcome to NewsBase’s Roundup Global research fellow at the Oxford Institute for Energy
(NRG), in which the reader is invited to join Studies (OIES) who served as EU speaker for the
our team of international editors, who provide a EU-Russia Gas Advisory Council between 2011
snapshot of some of the key issues affecting their and 2015, noted that Russia has long warned its
regional beats. We hope you will like NRG’s new European gas customers against abandoning
concise format, but by clicking on the headline long-term contracts and shifting away from
link for each section the full text will be available oil-indexed to gas market prices.
as before.
GLNG: Work begins on LNG-to-power
AsianOil: Inpex unveils offshore explora- project in Vietnam
tion plans Construction has begun on the first phase of
Japan’s Inpex unveiled plans this week to con- the Hai Lang LNG-to-power project in Viet-
duct exploratory drilling for natural gas offshore nam, according to a January 15 government
Western Japan later this year. According to a Jan- announcement. The project is located in Quang
uary 17 statement, the exploration campaign will Tri Province.
be carried out offshore Shimane and Yamaguchi
prefectures between March and July. LatAmOil: Guyanese inspectors to take
responsibility for oil certification
DMEA: MEA refining concerns The Guyana National Bureau of Standards
Downstream-focused Kuwait National Petro- (GNBS) is prepared to assume responsibility for
leum Co. (KNPC) this week dealt with the testing crude oil extracted from the country’s
second major fire at its 346,000 barrel per day offshore fields this year, ahead of the planned
(bpd) Mina Al-Ahmadi refinery since October. launch of the Liza-2 development project. GNBS
Meanwhile, Ghana’s Environmental Protection has been involved in the testing of crude since
Agency (EPA) has voiced renewed concerns December 2019, when the country’s first oilfield,
about the planned location of the new 100,000 Liza-1, began commercial production.
bpd Sentuo Oil Refinery at Tema Newtown, a
wetland catchment of Chemu Lagoon. MEOG: Supporting gas and oil drives
Iran is set to begin commissioning on the final
EurOil: Poland shields small businesses offshore phase of the supergiant South Pars gas
from gas price spike field development programme by the end of Sep-
Poland has slashed gas prices for small businesses tember as it seeks to boost gas availability. Mean-
in an effort to shield them from the energy cri- while, Abu Dhabi National Oil Co. (ADNOC)
sis unfolding across Europe. Consumers across said this week that its drilling arm had added two
the continent face higher gas and power bills more rigs to its fleet, taking the total number to
this year, following a sharp rebound in demand 99, with the new units due to work at two of the
as coronavirus (COVID-19) restrictions have UAE’s most important oil assets.
been eased.
NorthAmOil: ExxonMobil’s net-zero goal
FSU OGM: Gas expert hits back at IEA ExxonMobil announced this week that it would
claims about Russia pursue an “ambition” to achieve net zero green-
A leading expert on the European gas market has house gas emissions from its operated assets by
criticised the International Energy Agency (IEA) 2050. The move represents a significant step
for blaming Russia for causing the continent’s for the super-major, which previously avoided
energy crisis, instead attributing high energy committing to net zero on the basis that it had
bills to the EU’s own policies. Jonathan Stern, a no realistic plan for achieving such a goal. ™

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P18 www. NEWSBASE .com Week 03 19•January•2022