Page 17 - DMEA Week 10 2023

DMEA NEWSBASE ROUNDUP GLOBAL (NRG) DMEA

NewsBase Roundup Global (NRG)

NRG WELCOME to NewsBase’s Roundup Global state used Naftogaz’s working capital to meet the
(NRG), in which the reader is invited to join energy supply needs of consumers.
our team of international editors, who provide a
snapshot of some of the key issues affecting their GLNG: Germany eyes more LNG imports
regional beats. By clicking on the headline link for Germany is planning to top 70mn tonnes per
each section the full text will be available. year of liquefied natural gas import capacity
by the end of the decade, Argus Media reports
AfrOil: Mozambique LNG back on track citing documents from the German economic
Alessandro Puliti, the CEO of the Italian oil- ministry (BMWK) and planning applications
field services provider Saipem, says work on from German multinational energy utility RWE.
the Mozambique LNG project, led by France’s
TotalEnergies, will resume this summer. LatAmOil: Pemex fails to halt Ixachi flaring
“We expect to gradually restart the project, Mexico’s national oil company Pemex has failed
according to the information received by our cli- to uphold the commitment it made late last year
ents, starting from July this year,” Puliti informed to stop flaring at Ixachi, one of the country’s
analysts during Saipem’s 2022 earnings call on major natural gas fields, by mid-January of 2023,
February 28. according to an exclusive report from Reuters.
The state-owned company had pledged to
AsianOil: Indian LNG unit to come online halt flaring at Ixachi, which is located in Veracruz
A long overdue LNG import terminal in India is State, after coming under growing environmental
now expected to begin operating by the summer. pressure.
Tentative start dates for the plant coming
properly online are currently mentioning mid- MEOG: Abraj signs PNZ deal
June, although as with much in Indian LNG Oman’s state-owned Abraj Energy Services this
and power infrastructure in general, seeing is week signed a five-year deal to provide drilling
believing. and extraction services in the Partitioned Neu-
tral Zone (PNZ) shared between Kuwait and
EurOil: Essar unveils transition plans Saudi Arabia.
India’s Essar Group has created a new division to The deal, which covers the onshore Wafra
focus on the energy transition, with projects in oilfield, was signed between Abraj, Kuwait Gulf
the UK set to play a leading role. Oil Co. (KGOC) and Saudi Arabian Chevron
The programme will entail a $2.4bn invest- (SAC), which respectively represent Kuwait Oil
ment in the UK and a $1.2bn investment in India. Co. (KOC) and Saudi Aramco in the Wafra Joint
Operations (WJO) area.
FSUOGM: Naftogaz makes loss in 2022
According to the chairman of Naftogaz, Oleksiy NorthAmOil: Low prices change plans
Chernyshov, the company has recorded a pre- The US may have seen a sudden uptick in gas
liminary net loss of around UAH40bn ($1.1bn) prices since the third week of February, when
for the year 2022, Interfax Ukraine reported on Henry Hub gas prices had plummeted around
March 2. 78% since August of 2022.
During a Forbes Business Breakfast stream, But despite the sharp uptick, the six-
he revealed that unprofitable activity was mostly month decrease in price has been stymying
due to significant receivables that arose after the deal-makers.™

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