Page 17 - DMEA Week 03 2023

DMEA NEWSBASE ROUNDUP GLOBAL (NRG) DMEA

NewsBase Roundup Global (NRG)

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

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