Page 18 - AfrOil Week 03 2023

AfrOil NEWSBASE ROUNDUP GLOBAL (NRG) AfrOil

NewsBase Roundup Global (NRG)

NRG Welcome to NewsBase’s Roundup Global natural gas supplies via the Far Eastern route
(NRG), in which the reader is invited to join our and the design of the Soyuz Vostok gas pipeline
team of international editors, as they provide a through Mongolia, Gazprom said in on January
snapshot of some of the key issues affecting their 12. Gazprom and CNPC are working to expand
regional beats. We hope you will like NRG’s new their business as Russia attempts to switch its gas
concise format, but by clicking on the headline export business from West to East.
link for each section the full text will be available
as before. GLNG: Inpex to accelerate LNG plans
Japan’s Inpex will accelerate the expansion of its
AsianOil: Japanese PM to discuss gas LNG production and sales business, predicting
supplies in Canada that the market will continue to be tight in the
Ahead of Japanese Prime Minister Fumio Kishi- medium term. “[The] global LNG market is
da’s first official visit to Canada, political com- expected to remain tight in the mid-term due
mentators on both sides of the Pacific expect to the structural change of the global natural gas
talks on future LNG supplies to Tokyo to feature market since the Russian invasion of Ukraine,”
prominently. With Japan assuming the G7 pres- Inpex’s CEO Takayuki Ueda told Reuters.
idency as of January 1, industry circles in Tokyo
are closely following Kishida’s efforts to guaran- LatAmOil: Petrobras ramps up security
tee future shipments of Canadian LNG. at refineries following threat reports
Brazil’s national oil company (NOC) Petrobras
DMEA: Qatar Energy, CPChem in deal ramped up security measures at refineries after
for Ras Laffan petchem plant learning of threats against its assets, company
State-owned QatarEnergy and US-based Chev- sources said on January 8. The unnamed sources
ron Philips Chemical (CPChem) have struck a did not describe the exact nature of the threats.
$6bn deal to build the world-scale Ras Laffan They told Reuters, though, that threats had been
Petrochemicals Complex. The integrated olefins directed at oil-processing plants in Paraná, Rio
and polyethylene facility at Ras Laffan Industrial de Janeiro and São Paulo states.
City will begin production in 2026 and com-
prise an ethane cracker with a capacity of 2.1mn MEOG: KOC keeps contracting
tonnes per year (tpy) of ethylene. Kuwait’s state-owned upstream operator has
awarded another major contract as new reports
EurOil: Bulgaria mulls taking control of emerged about further delays to an already over-
Russian-owned oil refinery due project. The French firm Technip Energies
Bulgaria could take over the operation of Rus- was picked by Kuwait Oil Co. (KOC) for a five-
sia-owned oil refinery Lukoil Neftochim Burgas, year framework agreement that covers project
as lawmakers adopted amendments to the law management consultancy, front-end engineer-
regulating economic activities related to oil and ing and design (FEED) and associated services
petroleum products in the final reading on Jan- for major projects under development.
uary 13. The amendments aim to prevent closure
of the country’s sole oil refinery. NorthAmOil: Phillips 66 signs $3.8bn
deal to buy stake in DCP Midstream
FSU OGM: Gazprom hopes to increase Phillips 66 will acquire all of the publicly held
gas deliveries to CNPC to 48 bcm soon common units representing limited partner
Russia’s Gazprom and China National Petro- interests in pipeline operator DCP Midstream
leum Corp. (CNPC) have discussed key areas LP in an all-cash deal worth $3.8bn. This is a cash
of co-operation for 2023, including a project for consideration of $41.75 per common unit. ™

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P18 www. NEWSBASE .com Week 03 19•January•2023