Page 19 - DMEA Week 45 2021

DMEA NEWSBASE ROUNDUP GLOBAL (NRG) DMEA

NewsBase Roundup Global (NRG)

NRG WELCOME to NewsBase’s Roundup Global media channels.
(NRG), in which the reader is invited to join
our team of international editors, who provide a GLNG: ARC strikes LNG Canada deal
snapshot of some of the key issues affecting their ARC Resources said last week that it had struck
regional beats. a deal to supply natural gas to a member of the
We hope you enjoy NRG’s new concise for- LNG Canada consortium, which is building an
mat, but by clicking on the headline link for each LNG export terminal on the British Columbia
section the full text will be available as before. coast.
The agreement is set to take effect when LNG
AfrOil: ExxonMobil’s hopes for Rovuma Canada enters service – expected in 2025 – and
ExxonMobil (US) is working to reduce the car- will see ARC supply 150mn cubic feet (4.2mn
bon footprint of its Rovuma LNG project while cubic metres) per day of gas over the long term
also cutting costs, Mozambique’s Energy Minis- to be used as feedstock for the terminal.
ter Max Tonela has said.
Speaking at a press conference in Maputo on LatAmOil: Vaca Muerta pipe funding
November 4, Tonela stated that representatives Argentina expects to use the proceeds of elec-
of the US-based super-major had outlined plans tricity exports to Brazil to finance two major
for Rovuma LNG in a meeting with Mozam- infrastructure projects that will facilitate the
bican President Filipe Nyusi. development of the Vaca Muerta shale for-
mation. News of these plans emerged after the
AsianOil: POSCO wins over Senex board Energy Secretariat adopted a new ruling govern-
South Korea’s POSCO International has submit- ing the use of export revenues.
ted a new bid for Senex Energy that has finally
won the backing of the Australian developer’s MEOG: Cost-cutting and reshuffling
board. In this week’s MEOG, we look at the ongoing
Senex said on November 8 that it had received talks between Iraq and Jordan to cut costs on
a further improved non-binding proposal from their planned cross-border pipeline and new
POSCO to acquire 100% of the Australian firm appointments at the top of Yemeni oil firms.
for an all-cash offer of AUD4.60 ($3.42) per The governments of Iraq and Jordan remain
share. in discussions over the development of a long-
planned cross-border oil pipeline but only if
EurOil: Shell calls time on German refining costs are reduced significantly, according to an
Royal Dutch Shell announced on November 4 it update this week from Baghdad’s Ministry of
was ending oil processing at its Rheinland refin- Oil. Meanwhile, Yemeni President Abd Rab-
ery in Wesseling in Germany as part of its shift buh Mansur Hadi this week appointed new
to lower-carbon energy. executives at two state-owned oil companies as
Oil processing at the site will cease in 2025, fighting intensified between government and
and from then on it will produce low or zero-car- Iranian-backed militants in the oil-rich Ma’rib
bon products instead, Shell said. Governorate.

FSUOGM: Gazprom fills European storage NorthAmOil: Biden denies pipe closure talk
Natural gas prices fell on November 9 after Rus- The administration of US President Joe Biden
sia’s Gazprom announced it had begun filling up has denied reports that it was considering shut-
its gas storage facilities in Europe, which should ting down Enbridge’s Line 5 pipeline, which
help ease the continent’s supply crunch. is at the centre of a dispute with the State of
“Gazprom approved and began implemen- Michigan.
tation of the plan for pumping gas into five Reports had emerged that the Biden admin-
European underground storage facilities in istration was quietly studying the impact of shut-
November,” the company reported via its social ting down Line 5.™

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Week 45 11•November•2021 www. NEWSBASE .com P19