Page 17 - EurOil Week 45 2021

EurOil NEWSBASE ROUNDUP GLOBAL (NRG) EurOil

NewsBase Roundup Global (NRG)

NRG Welcome to NewsBase’s Roundup Global GLNG: ARC Strikes Deal To Supply Gas To
(NRG), in which the reader is invited to join LNG Canada
our team of international editors, who provide a ARC Resources said last week that it had struck
snapshot of some of the key issues affecting their a deal to supply natural gas to a member of the
regional beats. We hope you will like NRG's new LNG Canada consortium, which is building an
concise format, but by clicking on the headline LNG export terminal on the British Columbia
link for each section the full text will be available coast.
as before. The agreement is set to take effect when
LNG Canada enters service – expected in
AfrOil: ExxonMobil Hopes To Cut Rovuma 2025 – and will see ARC supply 150mn cubic
LNG Costs, Carbon Emissions feet (4.2mn cubic metres) per day of gas over
ExxonMobil (US) is working to reduce the the long term to be used as feedstock for the
carbon footprint of its Rovuma LNG pro- terminal.
ject while also cutting costs, Mozambique’s
Energy Minister Max Tonela has said. LatAmOil: Argentina’s Electricity Export
Speaking at a press conference in Maputo Earnings Will Fund Vaca Muerta Gas Pipe-
on November 4, Tonela stated that repre- line
sentatives of the US-based super-major had Argentina expects to use the proceeds of
outlined plans for Rovuma LNG in a meeting electricity exports to Brazil to finance two
with Mozambican President Filipe Nyusi. major infrastructure projects that will facil-
itate the development of the Vaca Muerta
AsianOil: POSCO Wins Over Senex Board shale formation.
With New Bid News of these plans emerged after the
South Korea’s POSCO International has Energy Secretariat adopted a new ruling
submitted a new bid for Senex Energy that governing the use of export revenues. Under
has finally won the backing of the Austral- this ruling, known as Resolution 1037, the
ian developer’s board. government department will be able to cover
Senex said on November 8 that it had the cost of building new energy infrastruc-
received a further improved non-binding ture networks.
proposal from POSCO to acquire 100% of
the Australian firm for an all-cash offer of MEOG: Cost-Cutting And Reshuffling
AUD4.60 ($3.42) per share. In this week’s MEOG, we look at the ongo-
ing talks between Iraq and Jordan to cut
DMEA: Fertiglobe Results And Aramco costs on their planned cross-border pipe-
Backing line and new appointments at the top of
In this week’s DMEA, we look at Fertiglobe’s Yemeni oil firms.
Q3 results improvement and Saudi Ara- The governments of Iraq and Jordan
mco’s backing for an industrial chemicals remain in discussions over the development
specialist. of a long-planned cross-border oil pipeline
The Fertiglobe joint venture (JV) but only if costs are reduced significantly,
between Dutch chemicals manufacturer OCI according to an update this week from Bagh-
and Abu Dhabi National Oil Co. (ADNOC) dad’s Ministry of Oil (MoO).
this week announced a 2,000% increase in
Q3 net profit. NorthAmOil: Biden Administration Denies
Considering Line 5 Shutdown
FSUOGM: Gazprom Starts Filling Europe- The administration of US President Joe Biden
an Gas Storage Sites has denied reports that it was considering shut-
Natural gas prices fell on November 9 after ting down Enbridge’s Line 5 pipeline, which See the archive and
Russia’s Gazprom announced it had begun is at the centre of a dispute with the State of sign up to receive
filling up its gas storage facilities in Europe, Michigan. *NRG Editor’s Picks*
which should help ease the continent’s sup- Reports had emerged that the Biden admin- for free by email each
ply crunch. “Gazprom approved and began istration was quietly studying the impact week here
implementation of the plan for pumping of shutting down Line 5. However, a White
gas into five European underground stor- House spokeswoman, Karine Jean-Pierre, told
age facilities in November,” the company reporters on November 8 that the idea was
reported via its social media channels.l. “inaccurate”.

Week 45 11•November•2021 www. NEWSBASE .com P17