Page 16 - LatAmOil Week 40 2021

LatAmOil NEWSBASE ROUNDUP GLOBAL (NRG) LatAmOil

NewsBase Roundup Global (NRG)

NRG Welcome to NewsBase’s Roundup Global Energy and Symbio Energy) have 6,000, 179,000
(NRG), in which the reader is invited to join and 48,000 customers respectively, Ofgem said.
our team of international editors, who provide a
snapshot of some of the key issues affecting their FSU OGM: Prosecutors push for delay in
regional beats. We hope you will like NRG’s new Gyetvay case
concise format, but by clicking on the headline US prosecutors are pushing for a delay in a tax
link for each section the full text will be available fraud case involving the deputy chairman of
as before. Russian gas producer Novatek, Mark Gyetvay,
arguing that they need more time to gather
AfrOil: EACOP reportedly close to signing evidence. Florida businessman Gyetvay was
pipe supply deals arrested in the US on September 24 on charges
The East Africa Crude Oil Pipeline (EACOP) of hiding $93mn in offshore accounts and failing
group is reportedly close to finalising arrange- to pay tax on $40mn of income.
ments with future suppliers of steel pipe. Accord-
ing to Martin Tiffen, the general manager of the GLNG: QP strengthens Asian ties with pair
consortium, TotalEnergies (France) and the of Chinese deals
other investors in EACOP are still waiting to State-owned Qatar Petroleum has signed a pair
sign the main supply agreements for the pipeline. of deals with Chinese companies in the last two
weeks that highlight the role of Asian players in
AsianOil: India raises gas prices Doha’s expansion plans. Last week, QP signed a
The Indian government has increased natural 15-year sale and purchase agreement to supply
gas prices for the majority of the country’s pro- 3.5mn tonnes per year of LNG to a subsidiary of
duction by 62% for the next six months. The China National Offshore Oil Corp. (CNOOC).
Ministry for Petroleum and Natural Gas’ Petro-
leum Planning and Analysis Cell (PPAC) said MEOG: Iraqi exports and Qatari deals
on September 30 that rates for New Exploration Iraq and Turkey are working to reopen the
Licensing Policy (NELP) and pre-NELP blocks 970-km pipeline that transports Iraqi crude
for the six months from October 1 would rise to from Kirkuk to export facilities in Ceyhan on
$2.9 per mmBtu ($80.21 per 1,000 cubic metres). the Turkish Mediterranean coast. Meanwhile,
after last week’s 15-year LNG supply deal with
DMEA: Iraqi and Nigerian refining updates CNOOC, QP placed the first order under its
The South Korean consortium, led by Hyundai LNG fleet expansion programme, committing
Engineering & Construction, that is developing to buy four LNG carriers from Hudong-Zhong-
Iraq’s Karbala refinery provided an update on the hua Shipbuilding Group Co., a subsidiary of the
project which is nearing completion. Meanwhile, China State Shipbuilding Corp., for $770mn.
Nigerian National Petroleum Corp. (NNPC) this
week provided an update on work to rehabilitate NorthAmOil: Ottawa invokes 1977 treaty
the country’s largest refinery complex, which is amid Line 5 dispute
expected to resume near full operations by 2023. The Canadian government invoked Article Six
of the 1977 Transit Pipelines Treaty on October
EurOil: More UK energy suppliers go 4 amid a dispute over Enbridge’s Line 5 pipeline
under with the State of Michigan. The move kicks off
Three more UK energy suppliers have ceased a dispute resolution process contained in the
trading, Ofgem announced on September 30, as treaty, paving the way for direct talks with the
the crisis on the country’s gas and power mar- administration of US President Joe Biden over
kets deepens. The companies (Enstroga, Igloo the pipeline. ™

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P16 www. NEWSBASE .com Week 40 08•October•2021