Page 17 - AsianOil Week 40 2021

AsianOil NEWSBASE ROUNDUP GLOBAL (NRG) AsianOil

This week’s top stories...

NRG Welcome to NewsBase’s Roundup Global arrested in the US on September 24 on charges
(NRG), in which the reader is invited to join of hiding $93mn in offshore accounts and failing
our team of international editors, who provide a to pay tax on $40mn of income.
snapshot of some of the key issues affecting their
regional beats. We hope you will like NRG's new GLNG: QP strengthens Asian ties with pair of
concise format, but by clicking on the headline Chinese deals
link for each section the full text will be available STATE-OWNED Qatar Petroleum has signed a
as before. pair of deals with Chinese companies in the last
two weeks that highlight the role of Asian players
AfrOil: EACOP reportedly close to signing in Doha’s expansion plans. Last week, QP signed
pipe supply deals a 15-year sale and purchase agreement to supply
THE consortium set up to build and operate 3.5mn tonnes per year of LNG to a subsidiary of
the East Africa Crude Oil Pipeline (EACOP) China National Offshore Oil Corp.
is reportedly close to finalising arrangements
with future suppliers of steel pipe. According to LatAmOil: Colombia’s hydrogen ambitions
Martin Tiffen, the general manager of the con- COLOMBIA’S government has finalised and
sortium, TotalEnergies (France) and the other published a long-term plan for the establish-
investors in EACOP are still waiting to sign the ment of a domestic hydrogen industry. The plan,
main supply agreements for the pipeline, which known as the Hydrogen Roadmap, outlines the
will carry crude from western Uganda to Tanza- steps the South American country will take to
nia’s Indian Ocean coast. promote the production and consumption of
blue and green hydrogen as an energy source
DMEA: Iraqi and Nigerian refining updates over the next 30 years.
THIS week’s DMEA covers updates on major
refinery work in Iraq and Nigeria. The South MEOG: Iraqi exports and Qatari deals
Korean consortium, led by Hyundai Engineer- THIS week’s MEOG covers the latest updates
ing & Construction, that is developing Iraq’s on Iraqi efforts to improve its export capa-
Karbala refinery provided an update on the pro- bilities and another Chinese deal for QP. The
ject which is nearing completion. Meanwhile, governments of Iraq and Turkey are working
the Nigerian National Petroleum Corp. (NNPC) to reopen the 970-km pipeline that transports
this week provided an update on work to reha- Iraqi crude from Kirkuk to export facilities in
bilitate the country’s largest refinery complex, Ceyhan on the Turkish Mediterranean coast.
which is expected to resume near full operations Meanwhile, having last week agreed a 15-year
by 2023. LNG supply deal with CNOOC, QP placed the
first order under its LNG fleet expansion pro-
EurOil: more UK energy suppliers go under gramme, committing to buy four LNG carriers
THREE more UK energy suppliers have ceased from Hudong-Zhonghua Shipbuilding Group
trading, Ofgem announced on September 30, as Co., a subsidiary of the China State Shipbuild-
the crisis on the country’s gas and power mar- ing Corp. for $770mn.
kets deepens. The companies, Enstroga, Igloo
Energy and Symbio Energy, have 6,000, 179,000 NorthAmOil: Ottawa invokes 1977 treaty
and 48,000 customers respectively, Ofgem said. amid Line 5 dispute
THE Canadian government invoked Article Six
FSU OGM: Prosecutors push for delay in of the 1977 Transit Pipelines Treaty on October
Gyetvay case 4 amid a dispute over Enbridge’s Line 5 pipeline
US prosecutors are pushing for a delay in a tax with the State of Michigan. The move kicks off
fraud case involving the deputy chairman of a dispute resolution process contained in the
Russian gas producer Novatek, Mark Gyetvay, treaty, paving the way for direct talks with the
arguing that they need more time to gather administration of US President Joe Biden over
evidence. Florida businessman Gyetvay was the pipeline.™

Week 40 07•October•2021 www. NEWSBASE .com P17