Page 6 - NorthAmOil Week 45
P. 6

NorthAmOil                                          NRG                                           NorthAmOil



                           Lagos has seen weeks of protests against pol-  talks with US-based NextDecade over a pro-
                         icy brutality that culminated in the shooting of  posed LNG supply deal involving gas from the
                         peaceful protestors by military and police on  planned Rio Grande LNG terminal in South
                         October 20, according to Amnesty International.  Texas. This comes after NewsBase reported last
                         In some areas the protests have turned into riot-  week that Engie had delayed signing a deal with
                         ing and looting.                     NextDecade following pressure from the French
                           Over in Oman, OQ and Kuwait Petroleum  government – which has a 23.6% stake in the
                         are reconsidering plans for a petrochemicals unit  utility – to seek cleaner supplies instead.
                         at the 230,000 bpd refinery they are building in   The French government banned domes-
                         Duqm. Their joint venture said in a statement  tic hydraulic fracturing in 2011 and has since
                         that it had halted front-end engineering design  expressed misgivings over importing gas that
                         (FEED) work, while its board assesses the impact  is produced using the technique. And such gas,
                         of the coronavirus (COVID-19) crisis on the  produced from shale formations and involving
                         market.                              the use of fracking, is what US LNG export ter-
                           Construction of the Duqm refinery itself is  minals are using for feedstock.
                         continuing on schedule, though, with its com-  Engie’s exit from talks comes as a blow to
                         pletion on track for the first quarter of 2022.  NextDecade, which is trying to secure offtake
                                                              agreements for an additional 9mn tonnes per
                         If you’d like to read more about the key events shaping   year of LNG in order to reach a final investment
                         the downstream sector of Africa and the Middle East,   decision (FID). This is in addition to the 2mn tpy
                         then please click here for NewsBase’s DMEA Monitor.  deal the company already has for Rio Grande..
                         EurOil: Tough quarter for majors     If you’d like to read more about the key events shaping
                         The restart of Denmark’s largest gas field after   Europe’s oil and gas sector then please click here for
                         a redevelopment programme has been delayed   NewsBase’s EurOil Monitor .
                         by a year as a result of coronavirus (COVID-19)
                         related disruptions.                 Azerbaijan bullish on SGC
                           The Total-operated Tyra field accounted for  Despite a ceasfire with neighbouring Arme-
                         90% of Danish gas output until its closure in Sep-  nia having only just been reached, Azerbaijan
                         tember last year. It will not resume production  remains adamant that it will begin piping gas to
                         until the second quarter of 2023, compared with  Europe via the Southern Gas Corridor (SGC)
                         an original target of July 1, 2022, project partner  shortly.
                         Noreco has confirmed in a statement.   An official at Azerbaijan’s national oil firm
                           Tyra began producing gas in 1984, and in the  SOCAR said last week that the Trans-Adri-
                         subsequent decades its platforms subsided by  atic Pipeline (TAP), that runs from the Turk-
                         more than 5 metres, according to Total. Their  ish-Greek border to Italy, would be ready in just
                         topsides were removed in August and will be  two weeks. Once in full operation, the pipeline
                         replaced with new and elevated topsides, while  will carry 10bn cubic metres per year of gas to
                         jacket extensions will be fitted onto the existing  European customers. It should reach that peak
                         jacket structures.                   in 2023.
                           Tyra’s closure led Denmark to become a net   Fighting over the disputed Nagorno-Kara-
                         importer of gas, reliant on supplies from neigh-  bakh region has been going on for six weeks,
                         bouring Germany. Once the field is back in  raising concerns about the security of oil and
                         action, Denmark expects to re-emerge as a net  gas pipelines in Azerbaijan. Armenia has several
                         gas exporter and retain this status until at least  times denied Azeri claims that it has targeted
                         2035.                                these pipelines with shelling. BP, which leads the
                           Over in France, utility Engie has abandoned  consortium developing Azerbaijan’s Shah Deniz

                                                                                                  Azerbaijan expects to
                                                                                                  start pumping gas to
                                                                                                  Europe within weeks.























       P6                                       www. NEWSBASE .com                      Week 45   12•November•2020
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