(Energy Analytics Institute, 25.Oct.2024) — LatAm NRG highlights, headlines and “heard on the street,” for the week ended 25 Oct. 2024.
—Argentina: Oil production reached 740.8 Mb/d in Sep. 2024, up 14.7% y-o-y, while gas production reached 147.1 MMcm/d, up 2.9% y-o-y, the Secretariat of Energy said.
—Argentina: Argentine gas could reach Asia at a competitive price equal or better than most of the new projects in the US, according to YPF.
—Argentina: The total price of the Argentina LNG project is projected at $55bn (upstream, $20bn; midstream, $10bn; and LNG plant, $25bn), according to YPF.
—Brazil: The ANP BODs approved geological and economic studies on 3 blks located in the Santos Basin pre-salt: Quartzo, Calcedônia and Opala, the agency said.
—Colombia: The Andean country plans to launch its biodiversity plan during COP16, Colombia’s President Gustavo Petro said.
—Colombia: ENEL plans to invest 2bn euros in Colombia to advance the country’s energy transition, according to Colombia’s President Gustavo Petro.
—Ecuador: The Ministry of Energy and Mines warned of planned power outages from 25-27 Oct. 2024 that would impact electrical services across the Andean country.
—Mexico: Mexico’s President Claudia Sheinbaum said her country would send monetary and technical assistance via CFE to Cuba to help w/ its blackouts.
—Venezuela: During the Buenos Días program on VPItv, Venezuelan economist José Toro Hardy said Venezuela’s oil sector needed investments of $25bn over 8yrs to produce what the country produced 20yrs ago.
—Venezuela: Pedro Tellechea Ruiz and his most immediate collaborators were rounded up in Venezuela for their involvement in so-called “serious crimes that threaten the highest interests of the nation,” Venezuela’s attorney general said on national TV.
ET AL.
—Asia: Chinese carmakers have built and commissioned full-process manufacturing plants across nine countries, Bloomberg said.
—Asia: At the Commonwealth Heads of Government Meeting (CHOGM) in Samoa, Guyana’s President Mohamed Irfaan Ali and PM Lawrence Wong of Singapore held a high-level discussion, underscoring the rapidly growing partnership between the two countries, DPI said.
—Asia: Woodside Energy and Keppel inked a conditional offtake term sheet for the supply and purchase of liquid hydrogen aimed at powering Keppel’s data centers in Singapore, the Australian co. said.
—Europe: Subsea7 and OneSubsea inked a global frame agreement w/ bp, Subsea7 said.
—Russia: Leaders from the BRICS — led by Brazil, Russia, India, China and South Africa — meet in Russia for a summit of the expanded BRICS group where Russia’s President Vladimir Putin says 30+ countries want to join the group, DemocracyNow said.
—US: A FID is necessary to proceed w/ the potential Saguaro Connector Pipeline project in the US, a ONEOK spokesperson told Energy Analytics Institute.
—US: The Biden admin. has issued its first approval for a lithium mine, ramping up efforts to shift the US critical minerals supply chain away from China, Bloomberg said.
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By Editors at Energy Analytics Institute. © Energy Analytics Institute (EAI). All Rights Reserved. More online at www.Energy-Analytics-Institute.org
