Page 19 - DMEA Week 40 2022

DMEA NEWSBASE ROUNDUP GLOBAL (NRG) DMEA

NewsBase Roundup Global (NRG)

NRG Welcome to NewsBase’s Roundup Global Gazprombank-Frezia in a decree issued on Sep-
(NRG), in which the reader is invited to join our tember 30. The deal has been complicated by a
team of international editors, as they provide a previous decree issued in August, which bars
snapshot of some of the key issues affecting their foreign firms from closing sales of their assets
regional beats. We hope you will like NRG’s new without Putin’s direct approval.
concise format, but by clicking on the headline
link for each section the full text will be available GLNG: RWE, ADNOC sign documents on
as before. LNG supplies
Germany’s RWE revealed on September 25
AfrOil: Gasoline subsidies called main that it had signed documents with Abu Dhabi
driver of Nigerian public debt National Oil Co. (ADNOC) of the UAE on LNG
Patience Oniha, the director-general of Nige- supplies. One of the documents is an agreement
ria’s Debt Management Office (DMO), has said that provides for ADNOC to make its first com-
that domestic gasoline subsidies are the primary mercial delivery of LNG to Germany.
cause of the ongoing rise in public debt. Speaking
at a presentation on budgeting and fiscal trans- LatAmOil: Ecopetrol head reports less
parency, Oniha noted that Nigeria’s public debts Colombian oil is going to Asia
were being driven upward by budget deficits. Colombia’s national oil company (NOC) Ecopet-
rol is sending a smaller share of its oil exports to
AsianOil: PNG offers Japan priority access Asia this year, as competition for Asian market
to new gas fields, LNG projects share has ramped up in recent months, accord-
Papua New Guinea is offering Japanese compa- ing to Felipe Bayon, the firm’s CEO. Bayon told
nies priority access to invest in new gas fields Reuters that Asia had absorbed about 60% of
and LNG projects as part of ongoing trade talks Ecopetrol’s exports in 2021.
between the two countries focused on energy
security, PNG Prime Minister James Marape MEOG: First deal signed for Qatar’s North
said on September 27. According to Marape, Field South
Kishida stressed Japan’s need for increased se- TotalEnergies (France) has been named as
curity and was eager to expand bilateral trade. QatarEnergy’s first international partner for an
expansion project at its key North Field gas asset.
EurOil: Norway to patrol seas near oil, gas North Field South (NFS) will comprise two LNG
assets trains with a combined capacity of 16mn tonnes
Norway will co-ordinate patrols of the waters per year (tpy), taking the country’s overall export
around its oil and gas platforms with the UK, capacity to 126mn tpy by 2027.
Germany and France, following suspected sab-
otage at the Nord Stream 1 and 2 pipelines. Nord NorthAmOil: TotalEnergies unveils plan to
Stream 1 and 2, which run from Russia to Ger- spin off oil sands operations
many, sustained four leaks on September 26, and France’s TotalEnergies has unveiled plans to
Moscow and various European governments spin off its oil sands operations in Canada into a
believe that sabotage was likely the cause. new company, as those assets do not align with
its energy transition goals. The spin-off would
FSU OGM: Enel wraps up Russian sale to include TotalEnergies’ 24.58% stake in Suncor
Lukoil, local fund Energy’s Fort Hills oil sands mining project in
President Vladimir Putin authorised Ita- northern Alberta, its 50% stake in ConocoPhil-
ly’s Enel to sell a majority share in its Russian lips’ Surmont thermal project and midstream
unit to oil major Lukoil and investment fund and trading-related activities. ™

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Week 40 06•October•2022 www. NEWSBASE .com P19