Page 17 - LatAmOil Week 41 2022

LatAmOil NEWSBASE ROUNDUP GLOBAL (NRG) LatAmOil

NewsBase Roundup Global (NRG)

NRG Welcome to NewsBase’s Roundup Global natural gas imports, but once more, member
(NRG), in which the reader is invited to join states failed to decide on what form the measure
our team of international editors, who provide a would take. Ahead of the summit, a majority of
snapshot of some of the key issues affecting their EU countries asked the European Commission
regional beats. We hope you will like NRG’s new to propose the gas prices.
concise format, but by clicking on the headline
link for each section the full text will be available FSU OGM: Russia seizes Sakhalin-1
as before. Russian President Vladimir Putin on October
7 ordered the seizure of the ExxonMobil-led
AfrOil: DR Congo rejects US request to Sakhalin-1 oil project, signing a decree that
scale back onshore licensing round establishes a new operator. It follows a similar
The Democratic Republic of Congo (DRC) has presidential decree introduced at the end of
rejected a request from US climate envoy John June, under which Russia transferred all rights
Kerry to reduce the number of blocks included and obligations of the consortium managing the
in its current onshore licensing round from 30 to Sakhalin-2 project to a Russian entity.
24, Environment Minister Eve Bazaiba revealed
on October 5. Bazaiba said Kerry had made the GLNG: Kinder Morgan sells half of its
request of the DRC’s President Felix Tshisekedi stake in Elba Island LNG
on October 4, arguing that preventing oil and gas Kinder Morgan has closed the sale of a 25.5%
exploration was necessary to protect forests. interest in the Elba Liquefaction Co. (ELC)
joint venture, which operates a natural gas liq-
AsianOil: EIG vehicle snaps up stakes in uefaction plant on Elba Island in Georgia. The
Australian LNG projects for $2.15bn stake, which represents half of Kinder Morgan’s
MidOcean Energy, backed by the US private interest in ELC, went to an undisclosed buyer for
equity group EIG, will acquire Tokyo Gas’ inter- around $565mn.
ests in four integrated Australian LNG projects
for $2.15bn in cash. The assets – Gorgon LNG, MEOG: NewMed, Capricorn plan merger
Ichthys LNG, Pluto LNG and Queensland Curtis NewMed Energy will merge with UK-based
LNG – lie off Australia’s east and west coasts and Capricorn Energy in a shares-plus-cash deal that
are major suppliers of LNG to Asian markets. combines a wealth of gas-rich assets around the
Mediterranean. The agreement will see share-
DMEA: UAE’s retail fuel consumption up holders in Capricorn (formerly Cairn Energy)
The UAE is seeing retail fuel consumption grow receive a special dividend of $620mn, and the
on the back of improvements in the economy, new entity will be listed under NewMed (for-
but without returning to the level that pre- merly Delek Drilling), whose shareholders will
vailed before the coronavirus (COVID-19) hold 89.7% of the new company.
pandemic, according to Saif Humaid Al Falasi,
the group CEO of Emirates National Oil Co. NorthAmOil: Suncor to offload wind, solar
(ENOC). Speaking to Khaleej Times, Al Falasi assets in shift in energy transition focus
noted that Emirati fuel markets had not yet fully Leading oil sands producer Suncor Energy has
recovered from the blows sustained in 2020. agreed to sell its wind and solar assets to ATCO-
owned Canadian Utilities for CAD730mn
EurOil: EU members still fail to make ($527mn). The company has said it will shift its
headway on gas price cap proposal focus to areas more complementary to its core
EU leaders convened once more on October business, such as hydrogen and renewable fuels,
7 to discuss the introduction of a price cap on in line with previous announcements. ™

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