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AsiaElec: LG Energy Solution to lead $9bn investment in Indonesian EV battery production
South Korea’s LG Energy Solution is to lead a consortium investing $9bn in the electric vehicle battery supply chain in Indonesia in a bid to secure stable supplies of locally mined nickel and to manage the production process more efficiently.
AfrElec: Angola aims for 70% renewables
Angola wants renewable energy to account for 70% power mix by 2025 and is looking to attract foreign investment from EU and international financial institutions and private investors to fund the country’s energy transition.
NorthAmOil: Biden administration restarts onshore lease sales
The administration of US President Joe Biden announced on April 15 that it was restarting oil and gas leasing on federal land.
MEOG: ADES continues fleet expansion
LatAmOil: ANP notes strong interest in Brazil’s latest bidding round
Brazil’s ANP reported last week that the most recent bidding round, the Third Cycle of the Open Acreage in the Concession Model, had attracted more attention than anticipated.
GLNG:Japanese government to support investment in new LNG import sources
Japan aims to increase its LNG important capacity and investment by Japanese companies in upstream production projects worldwide.
EurOil: Irish government to reconsider stance on LNG
DMEA: Saudi petchems and Sonangol’s strategy
AfrOil: NNPC sees AKK gas pipeline launched in Q1-2023
Mele Kyari, the group managing director of Nigerian National Petroleum Co. Ltd (NNPC Ltd), expects the Ajaokuta-Kaduna-Kano (AKK) natural gas pipeline to begin operating in the first quarter of 2023.
AsianOil: Petronet may consider fourth LNG import terminal in India
India’s Petronet LNG may consider building a fourth LNG import terminal in India in order to meet rising demand.
Share of gas in Moldova’s imports triples to 17.3% in January-February
In absolute terms, the cost of gas imports more than quadrupled to $229mn.
The EU’s sixth package of sanctions will target Russian oil exports to Europe
European officials are drafting plans for an embargo on Russian oil products, the most contested measure yet to punish Russia for its invasion of Ukraine and a move long resisted because of its big costs for Germany.
Alagoas state administration hopes to attract industrial investors with cheap gas supplies
The Brazilian state of Alagoas has been expanding its efforts to attract industrial investors seeking access to less expensive natural gas supplies, according to a report from Argus Media.
Fuel shortages on the rise in Cuba due to higher prices, reduced shipments from Venezuela
Following the Russian invasion of Ukraine, petroleum product shipments to Cuba from Venezuela and other regular suppliers have plummeted far below their usual levels.
AfrElec: Russia says sanctions will not affect NPP construction in Egypt
Western sanctions will not affect the construction of the El Dabaa nuclear power plant in Egypt, Russian Ambassador to Egypt Georgy Borisenko said.
DATACRUNCH: Sanctions by the numbers – gas
Voices are calling very loudly for the EU to shut off deliveries of Russian gas immediately. Since the start of the conflict in Ukraine, Germany has paid Russia some €9bn a week for gas imports that critics say is being used to fund the Putin war.
GLNG: ADNOC orders two LNG tankers from Shanghai yard
Abu Dhabi National Oil Co. (ADNOC) has confirmed it is to order two 175,000 cubic metre LNG tankers from Shanghai’s Jiangnan Shipyard as part of plans to expand its shipping fleet and raise LNG production.
NorthAmOil: Canada unveils details of carbon capture tax credit
The Canadian government has unveiled details of its long-awaited tax incentives to help fund carbon capture projects in the country.
AsianOil: Shell resumes LNG shipments from Australia’s Prelude FLNG
Shell said in a brief statement on April 11 that it had resumed shipping cargoes from its Prelude floating LNG facility offshore the north coast of Western Australia.
LatAmOil: Trinidad and Tobago to reduce fuel subsidies
Colm Imbert, the prime minister of Trinidad and Tobago, announced on April 8 that his government intended to reduce subsidies for petroleum product prices as of April 19.
AfrOil: Sonatrach agrees to supply Italy with additional gas
Algeria’s national oil company Sonatrach has cut a deal with the Italian major Eni to deliver an additional 9bn cubic metres of natural gas in 2022-2023.
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