Page 17 - MEOG Week 20 2021

MEOG NEWSBASE ROUNDUP GLOBAL (NRG) MEOG

NewsBase Roundup Global (NRG)

NRG WELCOME to NewsBase’s Roundup Global FSUOGM: Ukraine imposes fuel controls
(NRG), in which the reader is invited to join Ukraine’s government has introduced con-
our team of international editors, who provide a trols on retail gasoline and diesel prices in an
snapshot of some of the key issues affecting their attempt to stem rising inflation, in a move that
regional beats. has prompted harsh criticism from the industry.
We hope you will like NRG’s new concise for- In an announcement on May 12, the govern-
mat, but by clicking on the headline link for each ment said it had added oil products to the list of
section the full text will be available as before. socially important goods, and that retailers now
needed to declare plans to raise prices by 1% or
AfrOil: Nedbank goes green more to the state consumer market watchdog
South Africa’s Nedbank has decided to phase out some 20 days in advance.
funding for fossil fuel projects as part of a wider
effort to reduce its net carbon emissions to zero GLNG: Woodside to exit Kitimat LNG
by 2045. The group will work towards this goal Australia’s Woodside Energy announced this
by halting funding to organisations involved in week that it would exit its 50% non-operated
thermal coal mining by 2025 and direct funding interest in the proposed Kitimat LNG project
for crude oil and natural gas exploration. on Canada’s West Coast.
The company will either sell or wind up and
AsianOil: Indonesia’s local content push restore the assets, leases and agreements cover-
Indonesia’s upstream watchdog SKK Migas has ing both the LNG terminal’s site in Bish Cove,
revealed that the domestic content level in the British Columbia, and the 480-km Pacific Trail
country’s oil and gas projects during the first pipeline route.
four months of the year exceeded the govern-
ment’s target. The regulator said that domestic LatAmOil: Peru LNG halts production
content levels reached 58% of project costs by The Peru LNG consortium has suspended
the end of April, compared with the govern- operations at its natural gas liquefaction plant
ment’s full-year target of 57%. in Pampa Melchorita, citing an issue with one of
its compressors.
DMEA: UAE’s H2 plant and Jordan imports Jeanne Phillips, a senior vice-president at
This week’s DMEA looks at the launch of the Hunt Oil, the leader of Peru LNG, confirmed
Middle East’s first green hydrogen facility and the shutdown last week and indicated that the
Jordan’s tender for Iraqi crude shipments. consortium had taken the plant offline on or
Emirati Energy and Infrastructure Minister about May 7.
Suhail Al Mazrouei announced that the UAE
will this week commission its first green hydro- NorthAmOil: Gulf LNG inches forward
gen plant to produce clean transportation fuels The developers of two new LNG export projects
for use during Dubai Expo 2020 due to take on the US Gulf Coast have said over the past
place later this year. Meanwhile, Jordan’s Minis- week that they are making progress towards
try of Energy and Mineral Resources (MEMR) final investment decisions (FIDs) that are sched-
launched a tender for the transport of 10,000 bpd uled for later this year.
of Iraqi crude by road from Kirkuk to Zarqa. At the Citi Global Energy & Utilities Virtual
Conference last week, Tellurian’s executive chair-
EurOil: Neptune stung by outages man, Charif Souki, said the company was now
Northwest European producer Neptune Energy “just weeks” from finishing the commercialisa-
suffered a 22% year-on-year decline in oil and tion of Phase One at its Driftwood LNG terminal
gas output in the first quarter as a result of out- in Louisiana. Separately, NextDecade said in a
ages across its portfolio. The company’s supply new investor presentation on its website that it
averaged 125,700 barrels of oil equivalent per was progressing commercial negotiations with
day in the three-month period, versus 162,100 “multiple counterparties” to enable an FID in
boepd a year earlier. 2021 on two trains at Rio Grande LNG.™

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