Page 16 - NorthAmOil Week 03 2023

NorthAmOil NEWSBASE’S ROUNDUP GLOBAL (NRG) NorthAmOil

NewsBase’s Roundup Global (NRG)

GLOBAL WELCOME to NewsBase’s Roundup Global FSUOGM: Gazprom hopes to increase gas
(NRG), in which the reader is invited to join deliveries to CNPC to 48 bcm soon
our team of international editors, who provide a Gazprom, the Russian gas holding, and China
snapshot of some of the key issues affecting their National Petroleum Corporation (CNPC) have
regional beats. We hope you will like NRG’s new discussed key areas of co-operation for 2023,
concise format, but by clicking on the headline link including a project for gas supplies via the Far
for each section the full text will be available as Eastern route and the design of the Soyuz Vostok
before. gas pipeline through Mongolia, Gazprom said
in a press release on January 12. Gazprom and
AfrOil: Snam acquires 49.9% stake in Al- CNPC are working to expand their business as
geria-Italy gas pipelines from Eni Russia attempts to switch its gas export business
The Italian natural gas grid operator Snam has from West to East.
acquired Eni’s 49.9% stake in companies oper-
ating two groups of gas pipelines between North GLNG: Inpex to accelerate LNG plans
Africa and Italy for €405mn ($435mn), Eni said Japanese oil and gas firm Inpex plans to accel-
in a statement on January 11. Under the deal, erate the expansion of its LNG production and
which secured approvals after nearly 14 months sales business, predicting that the market will
delay, Snam’s SeaCorridor subsidiary has taken continue to be tight in the medium term, its CEO
the 49.9% stake. told Reuters on January 12. “Global LNG market
is expected to remain tight in the mid-term due
AsianOil: Japanese PM to talk gas in Can- to the structural change of the global natural gas
ada market since the Russian invasion of Ukraine,”
Ahead of the first official visit to Canada this CEO Takayuki Ueda told the news agency.
week by Japanese Prime Minister Fumio
Kishida, political commentators on both sides LatAmOil: Security threat leads Petrobras
of the North Pacific expected talks on future to ramps up security at refineries
LNG supplies to Tokyo to feature promi- Brazil’s state-owned Petrobras ramped up
nently. And with Tokyo having succeeded security measures at refineries after learning of
to the role of Group of Seven president as threats against its assets, company sources said
from January 1, all eyes in industry circles on January 8. The unnamed sources did not
back home in Tokyo were on Kishida’s efforts describe the exact nature of the threats. They told
to guarantee future shipments of Canadian Reuters, though, that threats had been directed
LNG. at oil-processing plants in Paraná, Rio de Janeiro
and São Paulo states.
DMEA: Deal for Ras Laffan chems plant
State-owned QatarEnergy and US-based MEOG: KOC keeps contracting
Chevron Philips Chemical (CPChem) last Kuwait’s state-owned upstream operator last
week agreed a $6bn deal to build the world- week awarded another major contract as new
scale Ras Laffan Petrochemicals Complex. A reports emerged about further delays to an
press release from the Qatari firm said that already overdue project. French firm Technip
integrated olefins and polyethylene facility Energies was picked by Kuwait Oil Co. for a five-
at Ras Laffan Industrial City was expected to year framework agreement that covers project
begin production in 2026 and comprise an management consultancy, front-end engineer-
ethane cracker with a capacity of 2.1mn tonne ing and design and associated services for major
per year of ethylene. projects under development in the Gulf state.

EurOil: Bulgaria mulls taking control of NorthAmOil: Phillips 66 signs $3.8bn deal
Russia-owned oil refinery to buy stake in DCP Midstream
Bulgaria could take over the operation of Rus- Phillips 66 has agreed to acquire all of the pub-
sia-owned oil refinery Lukoil Neftochim Burgas licly held common units representing limited
as lawmakers adopted amendments to the law partner interests in pipeline operator DCP Mid-
regulating economic activities related to oil and stream LP, in an all-cash deal worth $3.8bn. This
oil products in the final reading on January 13. is a cash consideration of $41.75 per common
The amendments were proposed by Democratic unit.
Bulgaria and aim to prevent closure of the coun-
try’s sole oil refinery, which is also the largest in See the archive and sign up to receive NRG Editor’s
the Balkans. Picks for free by email each week here.™

P16 www. NEWSBASE .com Week 03 19•January•2023