Page 19 - DMEA Week 14 2021

DMEA NEWSBASE ROUNDUP GLOBAL (NRG) DMEA

NewsBase Roundup Global (NRG)

NRG WELCOME to NewsBase’s Roundup Global agreed terms with Linde on an engineering, pro-
(NRG), in which the reader is invited to join curement and site services (EPSS) contract for
our team of international editors, who provide a the Ust-Luga facilities.
snapshot of some of the key issues affecting their
regional beats. We hope you will like NRG’s new GLNG: LNG trade booms
concise format, but by clicking on the headline The global LNG trade is booming. Last week it
link for each section the full text will be available was reported that deliveries of the super-chilled
as before. fuel had grown the most in a year in March, as
Asia and Europe refilled inventories depleted
AfrOil: Lukoil rethinks Sangomar bid over the winter, and more countries bounced
Russia’s Lukoil has abandoned its attempt to back from the hit their economies took as a result
join RSSD, the joint venture set up to develop of the coronavirus (COVID-19) pandemic.
the Sangomar block offshore Senegal, through
acquiring Australia’s FAR Ltd. LatAmOil: Colombia’s fracking progress
Its decision came to light last week, when FAR Colombia has taken another step down the road
said in a statement that the Russian company towards development of its unconventional
had opted not to submit a binding takeover offer hydrocarbon resources, via the government’s
ahead of a shareholders meeting scheduled for decision to grant provisional approval to the
April 15. Platero investigative project.
According to Reuters, the South Ameri-
AsianOil: Australia faces pushback can country’s National Hydrocarbons Agency
The Australian upstream industry is once more (ANH) announced its decision last week, saying
pushing back at aspects of the federal govern- it expected to sign a contract with ExxonMobil
ment’s plans for a “gas-led recovery”. on April 8.
The Australian Petroleum Production and
Exploration Association (APPEA) warned this MEOG: OPEC+ impact and Iran talks
week that efforts to turn the Wallumbilla gas hub Over the past week, the OPEC+ deal and the
in Queensland into a US-style Henry Hub would return of the US to Iran nuclear talks have
“backfire”. grabbed headlines as high-level strategy
comes to the fore. With OPEC and its partners
EurOil: North Macedonia eyes Greek LNG announcing that a further 1.15mn barrels per
Greek LNG developer Gastrade has tapped day of crude would be released to the market
another investor for its planned import facility over the next three months – as well as the 1mn
in Alexandroupolis. The company said it had bpd cut voluntarily by Saudi Arabia – there
signed a preliminary agreement on transferring are signs that the Kingdom and its neighbour
a stake in itself to North Macedonian gas dis- Kuwait will ramp up efforts at their shared Parti-
tribution operator National Energy Resources tioned Neutral Zone (PNZ).
Skopje (NER AD).
NorthAmOil: Another deal for Pioneer
FSU OGM: Contractor switch at Ust-Luga Pioneer Natural Resources announced last week
Russia’s Gazprom and Rusgazdobycha now that it had struck a deal to buy DoublePoint
want to hire Germany’s Linde to work on a gas Energy for $6.4bn in cash and stock. The acqui-
processing and LNG complex on the Baltic Sea, sition is Pioneer’s fourth major shale deal this
after cancelling a contract last month issued to year, coming less than three months after the
Russian firm Nipigaz. company closed its $4.5bn takeover of Parsley
Gazprom reported in late March that it had Energy.™

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