Page 14 - EurOil Week 04 2022

EurOil NEWSBASE ROUNDUP GLOBAL (NRG) EurOil

NewsBase Roundup Global (NRG)

NRG Welcome to NewsBase’s Roundup Global agreed to buy a 10% stake in Yakutsk LNG, a
(NRG), in which the reader is invited to join proposed liquefaction terminal on the shore
our team of international editors, who provide a of Russia’s remote Yakutia region that at full
snapshot of some of the key issues affecting their capacity will export up to 18mn tonnes per
regional beats. We hope you will like NRG's new year (tpy) of LNG to markets in Asia.
concise format, but by clicking on the headline
link for each section the full text will be available GLNG: Sempra Downsizes Cameron LNG
as before. Expansion Plan
US-based Sempra Energy has downsized its
AfrOil: No Deadline For Sonangol IPO Yet plans for the expansion of its Cameron LNG
Angola’s government is gearing up for the export terminal in Louisiana.
partial privatisation of the national oil com- In a filing with the US Federal Energy
pany (NOC) Sonangol but has not yet set a Regulatory Commission (FERC) last week,
target date, according to Edson Pongolola, the company proposed an expansion involv-
the director of the firm’s planning and con- ing one 6.75mn tonne per year train, down
trol department. from a previous expansion plan involving
Speaking in late December, Pongolola two trains with a combined capacity of 10mn
confirmed that Luanda was still preparing tpy.
to unload 30% of the NOC’s equity through
an initial public offering (IPO) of stock and LatAmOil: Nahle Offers Reassurances On
might begin the process before the end of Dos Bocas Refinery
2022, in line with previous statements. Mexican Energy Minister Rocio Nahle has
responded indignantly to reports that the
AsianOil: TotalEnergies, Chevron Announce national oil company (NOC) Pemex is run-
Myanmar Withdrawal ning over budget and behind schedule on
France’s TotalEnergies and US-based Chev- the construction of the Dos Bocas refinery
ron are withdrawing from Myanmar, citing in Tabasco State.
the worsening situation in the country fol- On January 22, Nahle said in a Twitter
lowing last year’s coup. The two companies post that the refinery project was not expe-
are partners in the Yadana natural gas pro- riencing any setbacks.
ject in the country.
TotalEnergies announced its exit in a MEOG: Faihaa Expansion Begins
press release on January 21, with Chevron In this week’s MEOG we look at the expan-
confirming to Reuters the same day that it sion plans for one of the forgotten oilfields
was also withdrawing from Myanmar. in Iraq’s south-east and a pipeline tender in
Kuwait.
DMEA: Fuel And Pipes For Kuwait, Kenya The operators of south-eastern Iraq’s
In DMEA this week, we look at Kuwait’s Faihaa oilfield this week awarded a contract
plans to expand its network of fuel stations to two Chinese firms for the construction of
and the next phase in Kenya’s massive infra- a facility to process crude oil from the asset
structure project. as the developers move ahead with the field’s
Downstream-focused Kuwait National expansion.
Petroleum Co. (KNPC) is set to build 15
new fuel stations under the second phase of NorthAmOil: Chesapeake Confirms Chief
a wider plan to add a total of 100 as it seeks to Acquisition, Announces PRB Sale
match the country’s urban expansion. Chesapeake Energy confirmed this week that
it was buying privately owned Chief E&D
FSUOGM: Chinese Investor Signs Up For holdings for about $2.5bn in cash and stock. See the archive and
Far East LNG Project The companies had been reported to be in sign up to receive
A Chinese energy firm has lent its support advanced talks over a potential acquisition last *NRG Editor’s Picks*
to what could be the first large-scale Russian week. for free by email each
liquefaction plant not to be developed by one Additionally, Chesapeake said it had agreed week here
of the country’s leading gas majors. to sell its assets in Wyoming’s Powder River
Zhejiang Energy, a gas and power supplier Basin to Continental Resources for around
in east China that also imports LNG, has $450mn in cash.

P14 www. NEWSBASE .com Week 04 27•January•2022