Page 17 - AfrOil Week 40 2021

AfrOil NEWSBASE ROUNDUP GLOBAL (NRG) AfrOil

NewsBase Roundup Global (NRG)

NRG Welcome to NewsBase’s Roundup Global evidence. Florida businessman Gyetvay was
(NRG), in which the reader is invited to join arrested in the US on September 24 on charges
our team of international editors, who provide a of hiding $93mn in offshore accounts and failing
snapshot of some of the key issues affecting their to pay tax on $40mn of income.
regional beats. We hope you will like NRG’s new
concise format, but by clicking on the headline GLNG: QP strengthens Asian ties with pair
link for each section the full text will be available of Chinese deals
as before. State-owned Qatar Petroleum has signed a pair
of deals with Chinese companies in the last two
AsianOil: India raises gas prices weeks that highlight the role of Asian players in
The Indian government has increased natural Doha’s expansion plans. Last week, QP signed a
gas prices for the majority of the country’s pro- 15-year sale and purchase agreement to supply
duction by 62% for the next six months. The 3.5mn tonnes per year of LNG to a subsidiary of
Ministry for Petroleum and Natural Gas’ China National Offshore Oil Corp. (CNOOC).
Petroleum Planning and Analysis Cell (PPAC)
announced on September 30 that rates for New LatAmOil: Colombia’s hydrogen ambitions
Exploration Licensing Policy (NELP) and pre- Colombia’s government has finalised and pub-
NELP blocks for the six months from October lished a long-term plan for the establishment of
1 would climb to $2.9 per mmBtu ($80.21 per a domestic hydrogen industry. The plan, known
1,000 cubic metres). as the Hydrogen Roadmap, outlines the steps the
country will take to promote the production and
DMEA: Iraqi and Nigerian refining updates consumption of blue and green hydrogen as an
The South Korean consortium, led by Hyundai energy source over the next 30 years.
Engineering & Construction, that is developing
Iraq’s Karbala refinery provided an update on the MEOG: Iraqi exports and Qatari deals
project which is nearing completion. Meanwhile, Iraq and Turkey are working to reopen the
Nigerian National Petroleum Corp. (NNPC) this 970-km pipeline that transports Iraqi crude
week provided an update on work to rehabilitate from Kirkuk to export facilities in Ceyhan on
the country’s largest refinery complex, which is the Turkish Mediterranean coast. Meanwhile,
expected to resume near full operations by 2023. after last week’s 15-year LNG supply deal with
CNOOC, QP placed the first order under its
EurOil: More UK energy suppliers go LNG fleet expansion programme, committing
under to buy four LNG carriers from Hudong-Zhong-
Three more UK energy suppliers have ceased hua Shipbuilding Group Co., a subsidiary of the
trading, Ofgem announced on September 30, as China State Shipbuilding Corp., for $770mn.
the crisis on the country’s gas and power mar-
kets deepens. The companies (Enstroga, Igloo NorthAmOil: Ottawa invokes 1977 treaty
Energy and Symbio Energy) have 6,000, 179,000 amid Line 5 dispute
and 48,000 customers respectively, Ofgem said. The Canadian government invoked Article Six
of the 1977 Transit Pipelines Treaty on October
FSU OGM: Prosecutors push for delay in 4 amid a dispute over Enbridge’s Line 5 pipeline
Gyetvay case with the State of Michigan. The move kicks off
US prosecutors are pushing for a delay in a tax a dispute resolution process contained in the
fraud case involving the deputy chairman of treaty, paving the way for direct talks with the
Russian gas producer Novatek, Mark Gyetvay, administration of US President Joe Biden over
arguing that they need more time to gather the pipeline. ™

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