Page 17 - LatAmOil Week 03 2023

LatAmOil NEWSBASE ROUNDUP GLOBAL (NRG) LatAmOil

NewsBase Roundup Global (NRG)

NRG Welcome to NewsBase’s Roundup Global regulating economic activities related to oil and
(NRG), in which the reader is invited to join petroleum products in the final reading on Jan-
our team of international editors, who provide a uary 13. The amendments aim to prevent closure
snapshot of some of the key issues affecting their of the country’s sole oil refinery.
regional beats. We hope you will like NRG’s new
concise format, but by clicking on the headline FSU OGM: Gazprom hopes to increase
link for each section the full text will be available gas deliveries to CNPC to 48 bcm soon
as before. Russia’s Gazprom and China National Petro-
leum Corp. (CNPC) have discussed key areas
AfrOil: Snam acquires 49.9% stake in of co-operation for 2023, including a project for
Algeria-Italy gas pipelines from Eni natural gas supplies via the Far Eastern route
The Italian natural gas grid operator Snam has and the design of the Soyuz Vostok gas pipeline
acquired Eni’s 49.9% stake in companies oper- through Mongolia, Gazprom said in on January
ating two groups of gas pipelines between North 12. Gazprom and CNPC are working to expand
Africa and Italy for €405mn ($435mn), Eni their business as Russia attempts to switch its gas
said on January 11. Under the deal, which was export business from West to East.
approved after nearly 14 months delay, Snam’s
SeaCorridor affiliate has taken the 49.9% stake. GLNG: Inpex to accelerate LNG plans
Japanese oil and gas firm Inpex plans to accel-
AsianOil: Japanese PM to discuss gas erate the expansion of its LNG production and
supplies in Canada sales business, predicting that the market will
Ahead of Japanese Prime Minister Fumio Kishi- continue to be tight in the medium term, its CEO
da’s first official visit to Canada, political com- told Reuters on January 12. “Global LNG market
mentators on both sides of the Pacific expect is expected to remain tight in the mid-term due
talks on future LNG supplies to Tokyo to feature to the structural change of the global natural gas
prominently. With Japan assuming the G7 pres- market since the Russian invasion of Ukraine,”
idency as of January 1, industry circles in Tokyo CEO Takayuki Ueda told the news agency.
are closely following Kishida’s efforts to guaran-
tee future shipments of Canadian LNG. MEOG: KOC keeps contracting
Kuwait’s state-owned upstream operator has
DMEA: Qatar Energy, CPChem in deal awarded another major contract as new reports
for Ras Laffan petchem plant emerged about further delays to an already over-
State-owned QatarEnergy and US-based Chev- due project. French firm Technip Energies was
ron Philips Chemical (CPChem) have struck a picked by Kuwait Oil Co. (KOC) for a five-year
$6bn deal to build the world-scale Ras Laffan framework agreement that covers project man-
Petrochemicals Complex. The integrated olefins agement consultancy, front-end engineering and
and polyethylene facility at Ras Laffan Industrial design (FEED) and associated services for major
City will begin production in 2026 and com- projects under development in the Gulf state.
prise an ethane cracker with a capacity of 2.1mn
tonnes per year (tpy) of ethylene. NorthAmOil: Phillips 66 signs $3.8bn
deal to buy stake in DCP Midstream
EurOil: Bulgaria mulls taking control of Phillips 66 will acquire all of the publicly held
Russian-owned oil refinery common units representing limited partner
Bulgaria could take over the operation of Rus- interests in pipeline operator DCP Midstream
sia-owned oil refinery Lukoil Neftochim Burgas, LP in an all-cash deal worth $3.8bn. This is a cash
as lawmakers adopted amendments to the law consideration of $41.75 per common unit. ™

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Week 03 18•January•2023 www. NEWSBASE .com P17