Page 14 - GLNG Week 03 2023

GLNG NEWSBASE’S ROUNDUP GLOBAL (NRG) GLNG

NewsBase’s Roundup Global (NRG)

NRG WELCOME to NewsBase’s Roundup Global FSUOGM: Gazprom hopes to increase gas deliv-
(NRG), in which the reader is invited to join eries 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 Algeria-It- CNPC are working to expand their business as
aly 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
Africa and Italy for €405mn ($435mn), Eni said GLNG: Inpex to accelerate LNG plans
in a statement on January 11. Under the deal, Japanese oil and gas firm Inpex plans to accel-
which secured approvals after nearly 14 months erate the expansion of its LNG production and
delay, Snam’s SeaCorridor subsidiary has taken sales business, predicting that the market will
the 49.9% stake. continue to be tight in the medium term, its CEO
told Reuters on January 12. “Global LNG market
AsianOil: Japanese PM to talk gas in Canada is expected to remain tight in the mid-term due
Ahead of the first official visit to Canada this to the structural change of the global natural gas
week by Japanese Prime Minister Fumio market since the Russian invasion of Ukraine,”
Kishida, political commentators on both sides CEO Takayuki Ueda told the news agency.
of the North Pacific expected talks on future
LNG supplies to Tokyo to feature prominently. LatAmOil: Security threat leads Petrobras to
And with Tokyo having succeeded to the role ramps up security at refineries
of Group of Seven president as from January 1, Brazil’s state-owned Petrobras ramped up
all eyes in industry circles back home in Tokyo security measures at refineries after learning of
were on Kishida’s efforts to guarantee future threats against its assets, company sources said
shipments of Canadian LNG. on January 8. The unnamed sources did not
describe the exact nature of the threats. They told
DMEA: Deal for Ras Laffan chems plant Reuters, though, that threats had been directed
State-owned QatarEnergy and US-based Chev- at oil-processing plants in Paraná, Rio de Janeiro
ron Philips Chemical (CPChem) last week and São Paulo states.
agreed a $6bn deal to build the world-scale Ras
Laffan Petrochemicals Complex. A press release MEOG: KOC keeps contracting
from the Qatari firm said that integrated olefins Kuwait’s state-owned upstream operator last
and polyethylene facility at Ras Laffan Industrial week awarded another major contract as new
City was expected to begin production in 2026 reports emerged about further delays to an
and comprise an ethane cracker with a capacity already overdue project. French firm Technip
of 2.1mn tonne per year of ethylene. Energies was picked by Kuwait Oil Co. for a five-
year framework agreement that covers project
EurOil: Bulgaria mulls taking control of Rus- management consultancy, front-end engineer-
sia-owned oil refinery ing and design and associated services for major
Bulgaria could take over the operation of Rus- projects under development in the Gulf state.
sia-owned oil refinery Lukoil Neftochim Burgas
as lawmakers adopted amendments to the law NorthAmOil: Phillips 66 signs $3.8bn deal to buy
regulating economic activities related to oil and stake in DCP Midstream
oil products in the final reading on January 13. Phillips 66 has agreed to acquire all of the pub-
The amendments were proposed by Democratic licly held common units representing limited
Bulgaria and aim to prevent closure of the coun- partner interests in pipeline operator DCP Mid-
try’s sole oil refinery, which is also the largest in stream LP, in an all-cash deal worth $3.8bn. This
the Balkans. is a cash consideration of $41.75 per common
unit.

P14 www. NEWSBASE .com Week 03 19•January•2023