Page 17 - LatAmOil Week 16 2022

LatAmOil NEWSBASE ROUNDUP GLOBAL (NRG) LatAmOil

NewsBase Roundup Global (NRG)

NRG Welcome to NewsBase’s Roundup Global and soaring energy prices globally. But while the
(NRG), in which the reader is invited to join government said in the strategy it might recon-
our team of international editors, who provide a sider its opposition to building LNG import ter-
snapshot of some of the key issues affecting their minals, there were no hints that it could reverse
regional beats. We hope you will like NRG’s new its position against domestic gas exploration.
concise format, but by clicking on the headline
link for each section the full text will be available FSU OGM: Novak warns that Russian
as before. energy sanctions are like a “boomerang”
Russian Deputy Prime Minister and former
AfrOil: NNPC sees AKK gas pipeline Energy Minister Alexander Novak has warned
launched in Q1-2023 that sanctions against Russia’s energy sector act
Mele Kyari, the group managing director of like a “boomerang,” hurting the countries that
Nigerian National Petroleum Co. (NNPC), introduced them more. The EU declared ear-
expects the Ajaokuta-Kaduna-Kano (AKK) nat- lier this month that it would ban Russian coal
ural gas pipeline to begin operating in the first imports, and the European Commission has sig-
quarter of 2023. Kyari told NNPC board mem- nalled it will impose restrictions on oil supplies
bers last week that upstream producers were on as well in its upcoming sanctions package.
track to make sufficient volumes of gas available
for AKK on time. GLNG: Japanese government to support
investment in new LNG import sources
AsianOil: Petronet may consider fourth Japan aims to increase its LNG important capac-
LNG import terminal in India ity and investment by Japanese companies in
India’s Petronet LNG may consider building a upstream production projects worldwide. Japa-
fourth LNG import terminal in India in order to nese Minister of Economy, Trade and Industry
meet rising demand. Petronet’s CEO, AK Singh, Koichi Hagiuda said that the government was
told the Press Trust of India last week that the concentrating on reducing its dependency on
company expects Indian gas demand to con- imports of Russian LNG.
tinue growing.
MEOG: ADES continues fleet expansion
DMEA: Saudi petchems and Sonangol’s Indian drilling company Aban Offshore this
strategy week announced that it has agreed a deal to sell
Saudi’s Sipchem this week posted a 162% four jack-up rigs to Saudi Arabia’s ADES Group
increase in net profit for the first quarter of as the companies plot opposing courses. Mean-
the year, buoyed by reduced finance costs and while, the Iraqi government is seen making a
increased profits from JVs. Meanwhile, Ango- decision on the finalisation of a contract for the
lan NOC Sonangol has decided to move forward Akkas gas field in the western Al Anbar Gover-
with the construction of a new refinery at Lobito, norate by early May.
even though it has yet to choose a partner for the
project, according to Sebastião Gaspar Martins, NorthAmOil: Biden administration restarts
the company’s president. onshore lease sales
The administration of US President Joe Biden
EurOil: Irish government to reconsider announced on April 15 that it was restarting oil
stance on LNG and gas leasing on federal land. The move marks
Ireland has followed other European nations the end of a pause on new onshore federal leas-
in announcing a new strategy to bolster energy ing that was imposed in the early days of Biden’s
security in response to Russia’s war in Ukraine presidency. ™

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Week 16 21•April•2022 www. NEWSBASE .com P17