Page 13 - NorthAmOil Week 40 2021

NorthAmOil NEWSBASE’S ROUNDUP GLOBAL (NRG) NorthAmOil

NewsBase’s Roundup Global (NRG)

GLOBAL WELCOME to NewsBase’s Roundup Global fraud case involving the deputy chairman of
(NRG), in which the reader is invited to join Russian gas producer Novatek, Mark Gyetvay,
our team of international editors, who provide a arguing that they need more time to gather
snapshot of some of the key issues affecting their evidence.
regional beats. We hope you will like NRG’s new Florida businessman Gyetvay was arrested
concise format, but by clicking on the headline link in the US on September 24 on charges of hiding
for each section the full text will be available as $93mn in offshore accounts and failing to pay tax
before. on $40mn of income.

AfrOil: EACOP reportedly close to signing GLNG: QP strengthens Asian ties with pair
pipe supply deals of Chinese deals
The consortium set up to build and operate State-owned Qatar Petroleum has signed a pair
the East Africa Crude Oil Pipeline (EACOP) of deals with Chinese companies in the last two
is reportedly close to finalising arrangements weeks that highlight the role of Asian players in
with future suppliers of steel pipe. According to Doha’s expansion plans. Last week, QP signed a
Martin Tiffen, the general manager of the con- 15-year sale and purchase agreement to supply
sortium, TotalEnergies (France) and the other 3.5mn tonnes per year of LNG to a subsidiary of
investors in EACOP are still waiting to sign the China National Offshore Oil Corp.
main supply agreements for the pipeline, which
will carry crude from western Uganda to Tanza- LatAmOil: Colombia’s hydrogen ambitions
nia’s Indian Ocean coast. Colombia’s government has finalised and pub-
lished a long-term plan for the establishment of
AsianOil: India raises gas prices a domestic hydrogen industry. The plan, known
The Indian government has increased natu- as the Hydrogen Roadmap, outlines the steps
ral gas prices for the majority of the country’s the South American country will take to pro-
production by 62% for the next six months. mote the production and consumption of blue
The Ministry for Petroleum and Natural Gas’ and green hydrogen as an energy source over the
Petroleum Planning and Analysis Cell (PPAC) next 30 years.
announced on September 30 that rates for New
Exploration Licensing Policy (NELP) and pre- MEOG: Iraqi exports and Qatari deals
NELP blocks for the six months from October 1 This week’s MEOG covers the latest updates on
would climb from $1.79 per mmBtu ($49.51 per Iraqi efforts to improve its export capabilities
1,000 cubic metres) to $2.9 per mmBtu ($80.21 and another Chinese deal for QP. The govern-
per 1,000 cubic metres). ments of Iraq and Turkey are working to reopen
the 970-km pipeline that transports Iraqi crude
DMEA: Iraqi and Nigerian refining updates from Kirkuk to export facilities in Ceyhan on the
This week’s DMEA covers updates on major Turkish Mediterranean coast.
refinery work in Iraq and Nigeria. The South Meanwhile, having last week agreed a 15-year
Korean consortium, led by Hyundai Engineer- LNG supply deal with CNOOC, QP placed the
ing & Construction, that is developing Iraq’s first order under its LNG fleet expansion pro-
Karbala refinery provided an update on the pro- gramme, committing to buy four LNG carriers
ject which is nearing completion. Meanwhile, the from Hudong-Zhonghua Shipbuilding Group
Nigerian National Petroleum Corp. (NNPC) this Co., a subsidiary of the China State Shipbuilding
week provided an update on work to rehabilitate Corp. for $770mn.
the country’s largest refinery complex, which is
expected to resume near full operations by 2023. NorthAmOil: Ottawa invokes 1977 treaty
amid Line 5 dispute
EurOil: more UK energy suppliers go under The Canadian government invoked Article Six
Three more UK energy suppliers have ceased of the 1977 Transit Pipelines Treaty on October
trading, Ofgem announced on September 30, as 4 amid a dispute over Enbridge’s Line 5 pipeline
the crisis on the country’s gas and power mar- with the State of Michigan. The move kicks off
kets deepens. The companies, Enstroga, Igloo a dispute resolution process contained in the
Energy and Symbio Energy, have 6,000, 179,000 treaty, paving the way for direct talks with the
and 48,000 customers respectively, Ofgem said. administration of US President Joe Biden over
the pipeline.
FSUOGM: Prosecutors push for delay in
Gyetvay case See the archive and sign up to receive NRG Editor’s
US prosecutors are pushing for a delay in a tax Picks for free by email each week here.™

Week 40 07•October•2021 www. NEWSBASE .com P13