Page 18 - LatAmOil Week 10 2021

LatAmOil NEWSBASE ROUNDUP GLOBAL (NRG) LatAmOil

NewsBase Roundup Global (NRG)

NRG Welcome to NewsBase’s Roundup Global Stade LNG is the biggest of several LNG import
(NRG), in which the reader is invited to join schemes in Germany, which already has access
our team of international editors, who provide a to a diversified mix of supplies but is looking to
snapshot of some of the key issues affecting their bolster its position as a hub for central Europe.
regional beats. We hope you will like NRG’s new
concise format, but by clicking on the headline FSU OGM: Russian oil inches down
link for each section the full text will be available Russian crude oil and condensate supply inched
as before. down 0.8% month on month in February, pre-
liminary data from the country’s energy min-
AfrOil: Nigerian LNG in focus istry shows, primarily owing to a decline at
Two LNG projects are in focus in Nigeria this fields controlled by state-owned Rosneft and its
week. On the one hand, ExxonMobil (US) and subsidiary Bashneft. National production aver-
Nigerian National Petroleum Corp. (NNPC) aged 10.054mn barrels per day (bpd) during the
have awarded UTM, a local infrastructure firm, month, marking a 10.6% drop year on year.
a contract for the installation of a floating LNG
(FLNG) unit at the Yoho oilfield. On the other GLNG: Carbon-neutral LNG gains ground
hand, the head of the Nigeria LNG (NLNG) con- Carbon-neutral LNG is increasingly gaining
sortium is urging shareholders to consider more momentum as more industry players commit
ambitious expansion plans, citing Qatar as a role to the concept or carve out a path towards it.
model. This week, Tokyo Gas announced that it had
joined 14 other Japanese companies in forming
AsianOil: ChinaGas-Sinopec ties the Carbon Neutral LNG Buyers Alliance in an
Natural gas distributor China Gas has agreed to effort to promote the more widespread use of the
forge a closer working relationship with state- greener version of the fuel.
owned Sinopec Group in the natural gas import
and distribution segments. The privately owned MEOG: Conduits in the crosshairs
infrastructure operator said on March 4 that the Headlines have been dominated by the Saudi-led
two had signed a strategic co-operation frame- decision by OPEC+ to maintain production cuts
work agreement that would mainly focus on during April and attacks that have brought into
natural gas, LNG and LPG. focus once more the influence of geopolitics on
oil supplies. While Iraq’s oil minister predicted
DMEA: Progress on Duqm refinery the lack of action on the part of OPEC+ during
Oman is continuing to push forward progress in the March meeting, most of the industry was
the developing its Duqm refinery, despite having caught off-guard when it announced that only
halted engineering work on the integrated petro- 150,000 barrels per day (bpd) would return
chemical facility late last year. The 230,000 barrel to the market in April, with the increase to be
per day (bpd) refinery is now expected to com- shared by Russia and Kazakhstan.
mence operations late this year or early 2022,
and this week a supply conduit was completed to NorthAmOil: Crude-by-rail on the rebound
connect the facility with gas processing facilities. Chevron has struck an agreement to acquire all
the outstanding shares of Noble Midstream Part-
EurOil: Fluxys joins German LNG efforts ners that it does not already own. The super-ma-
Belgium’s Fluxys has signed up to be an “indus- jor already owns a nearly 63% majority stake in
trial partner” at the planned Stade LNG import Noble Midstream, which it acquired when it
terminal in northern Germany, taking the ambi- took over its parent company, Noble Energy, in a
tious project a step closer towards realisation. deal worth $4.1bn last year. ™

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P18 www. NEWSBASE .com Week 10 11•March•2021