Page 14 - EurOil Week 03 2022

EurOil NEWSBASE’S ROUNDUP GLOBAL (NRG) EurOil

NewsBase’s Roundup Global (NRG)

GLOBAL WELCOME to NewsBase’s Roundup Global long warned its European gas customers against
(NRG), in which the reader is invited to join abandoning long-term contracts and shifting
our team of international editors, who provide away from oil-indexed to gas market prices.
a snapshot of some of the key issues affecting
their regional beats. We hope you will like GLNG: Work Begins On Hai Lang LNG-To-
NRG’s new concise format, but by clicking on Power Project In Vietnam
the headline link for each section the full text Construction has begun on the first phase of
will be available as before. the Hai Lang LNG-to-power project in Viet-
nam, according to a January 15 government
AfrOil: Egbokor Energy Park Set To Launch announcement.
By End-March The project is located in Quang Tri Province. It will
Backers of the Egbokor Energy Park project have a power generation capacity of 1.5 GW and
reportedly expect construction work on the will run on regasified LNG that will be imported
new facility, which is being built in Nigeria’s Edo via a receiving terminal with a capacity of 1.5mn
State, to be completed in less than three months. tonnes per year (tpy).
According to Dr. Akintoye Akindele, the CEO of
Atlantic International Refinery and Petrochem- LatAmOil: Guyanese Inspectors To Take
ical, both the park’s owner, Duport Midstream, Responsibility For Oil Certification
and the bank providing the financing, First City The Guyana National Bureau of Standards
Monument Bank (FCMB), have said that the (GNBS) is prepared to assume responsibility
complex will be ready for inauguration by the for testing crude oil extracted from the coun-
end of March. try’s offshore fields this year, ahead of the
planned launch of the Liza-2 development
AsianOil: Inpex Unveils Offshore Explora- project.
tion Plans GNBS has been involved in the testing of
Japan’s Inpex unveiled plans this week to con- crude since December 2019, when the coun-
duct exploratory drilling for natural gas offshore try’s first oilfield, Liza-1, began commercial
Western Japan later this year. production.
According to a January 17 statement, the explo-
ration campaign will be carried out offshore MEOG: Supporting Gas And Oil Drives
Shimane and Yamaguchi prefectures between This week’s MEOG looks at work to expand
March and July. the production of gas in Iran and that of oil
in the UAE.
DMEA: MEA Refining Concerns Iran is expected to begin commissioning on
In DMEA this week, we look at concerning the final offshore phase of the supergiant
developments relating to refinery projects in South Pars gas field development programme
Kuwait and Nigeria. by the end of September as it seeks to boost
Downstream-focused Kuwait National Petro- gas availability.
leum Co. (KNPC) this week dealt with the
second major fire at its 346,000 barrel per day NorthAmOil: ExxonMobil Unveils Net-Zero
(bpd) Mina Al-Ahmadi refinery since October. Goal
ExxonMobil announced this week that it would
FSUOGM: Gas Expert Hits Back At IEA pursue an “ambition” to achieve net zero green-
Claims About Russia house gas (GHG) emissions from its operated
A leading expert on the European gas market has assets by 2050.
criticised the International Energy Agency (IEA) The move represents a significant step for the
for blaming Russia for causing the continent’s super-major, which previously avoided commit-
energy crisis, instead attributing high energy ting to net zero on the basis that it had no realistic
bills to the EU’s own policies. plan for achieving such a goal.
Jonathan Stern, a research fellow at the Oxford
Institute for Energy Studies who served as EU See the archive and sign up to receive NRG
speaker for the EU-Russia Gas Advisory Council Editor’s Picks for free by email each week
between 2011 and 2015, noted that Russia has here.™

P14 www. NEWSBASE .com Week 03 20•January•2022