Page 17 - MEOG Week 03 2023

MEOG NEWSBASE ROUNDUP GLOBAL (NRG) MEOG

NewsBase Roundup Global (NRG)

NRG WELCOME to NewsBase’s Roundup Global Democratic Bulgaria and aim to prevent closure
(NRG), in which the reader is invited to join of the country’s sole oil refinery, which is also the
our team of international editors, who provide a largest in the Balkans.
snapshot of some of the key issues affecting their
regional beats. FSUOGM: Gazprom to raise CNPC gas sales
By clicking on the headline link for each sec- Gazprom, the Russian gas holding, and China
tion the full text will be available. National Petroleum Corporation (CNPC) have
discussed key areas of co-operation for 2023,
AfrOil: Snam acquires pipeline stake including a project for gas supplies via the Far
The Italian natural gas grid operator Snam has Eastern route and the design of the Soyuz Vostok
acquired Eni’s 49.9% stake in companies operat- gas pipeline through Mongolia, Gazprom said in
ing two groups of gas pipelines between North a press release on January 12.
Africa and Italy for €405mn ($435mn), Eni said Gazprom and CNPC are working to expand
in a statement on January 11. their business as Russia attempts to switch its gas
Under the deal, which secured approvals export business from West to East.
after nearly 14 months delay, Snam’s SeaCorri-
dor subsidiary has taken the 49.9% stake. GLNG: Inpex to accelerate LNG plans
Japanese oil and gas firm Inpex plans to accel-
AsianOil: Japanese PM’s Canada gas talks erate the expansion of its LNG production and
Ahead of the first official visit to Canada this sales business, predicting that the market will
week by Japanese Prime Minister Fumio continue to be tight in the medium term, its CEO
Kishida, political commentators on both sides of told Reuters on January 12.
the North Pacific expected talks on future LNG “Global LNG market is expected to remain
supplies to Tokyo to feature prominently. tight in the mid-term due to the structural
And with Tokyo having succeeded to the role change of the global natural gas market since
of Group of Seven president as from January 1, the Russian invasion of Ukraine,” CEO Takayuki
all eyes in industry circles back home in Tokyo Ueda told the news agency.
were on Kishida’s efforts to guarantee future
shipments of Canadian LNG. LatAmOil: Brazilian refinery threats
Brazil’s state-owned Petrobras ramped up
DMEA: Deal for Ras Laffan chems plant security measures at refineries after learning of
State-owned QatarEnergy and US-based Chev- threats against its assets, company sources said
ron Philips Chemical (CPChem) last week on January 8.
agreed a $6bn deal to build the world-scale Ras The unnamed sources did not describe the
Laffan Petrochemicals Complex. exact nature of the threats. They told Reuters,
A press release from the Qatari firm said that though, that threats had been directed at oil-pro-
integrated olefins and polyethylene facility at cessing plants in Paraná, Rio de Janeiro and São
Ras Laffan Industrial City was expected to begin Paulo states.
production in 2026 and comprise an ethane
cracker with a capacity of 2.1mn tonne per year NorthAmOil: Phillips 66 to buy stake in DCP
(tpy) of ethylene. Phillips 66 has agreed to acquire all of the pub-
licly held common units representing limited
EurOil: Bulgaria considers refinery stake partner interests in pipeline operator DCP Mid-
Bulgaria could take over the operation of Rus- stream LP, in an all-cash deal worth $3.8bn. This
sia-owned oil refinery Lukoil Neftochim Burgas is a cash consideration of $41.75 per common
as lawmakers adopted amendments to the law unit.
regulating economic activities related to oil and The deal will double Phillips 66’s economic
oil products in the final reading on January 13. interest in the Denver-based natural-gas giant
The amendments were proposed by DCP Midstream to 86.8%.™

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