Page 17 - MEOG Week 34 2021

MEOG NEWSBASE ROUNDUP GLOBAL (NRG) MEOG

NewsBase Roundup Global (NRG)

NRG WELCOME to NewsBase’s Roundup Global GBP13bn ($18bn) by 2050.
(NRG), in which the reader is invited to join At the centre of the strategy released on
our team of international editors, who provide a August 17 is an effort to decarbonise energy-in-
snapshot of some of the key issues affecting their tensive and highly polluting industries such
regional beats. as chemicals, oil refining, power and heavy
We hope you enjoy NRG’s new concise for- transport.
mat, but by clicking on the headline link for each
section the full text will be available as before. FSUOGM: Nord Stream 2 delivery plans
Russia’s Gazprom has said it expects to export
AfrOil: Renergen’s first industrial customer as much as 5.6bn cubic metres of natural gas
South Africa’s Renergen revealed last week that via Nord Stream 2 this year, the Moscow-based
it had agreed to supply LNG to Consol Glass, a Kommersant newspaper reported on August
Johannesburg-based supplier of glass packaging 19, noting that the pipeline should start up in
materials. mid-October. Using Russian pipelaying vessels,
In a statement, Renergen said it had signed a Gazprom completed the first of Nord Stream 2’s
five-year agreement with Consol Glass. two strings in June, and is due to finish the sec-
ond this month.
AsianOil: Qingdao LNG expansion complete
China’s state-run Sinopec has finished the first GLNG: Exxon, PNG restart P’nyang talks
stage of expansion work at its Qingdao LNG ExxonMobil has restarted talks with the gov-
import facility in Shandong Province. ernment of Papua New Guinea (PNG) on the
The company said on August 24 that it had development of the P’nyang natural gas project.
finished building two 160,000 cubic metre stor- Talks on the project, which was set to be tied
age tanks, expanding the terminal’s handling to a $13bn expansion of PNG’s liquefaction
capacity by 17% from 6mn tonnes per year to capacity, stalled in late 2019 after the government
7mn tpy. pushed for better terms than it had obtained for
ExxonMobil’s original PNG LNG development.
DMEA: NNPC’s new greenfield subsidiary
This week’s DMEA covers the launch of an LatAmOil: Chile’s green H2 plans
NNPC subsidiary to oversee the establishment Two Spanish companies are looking to build a
and operation of new refineries in Nigeria and green hydrogen production facility at Chile’s
Japan’s funding for a major Iraqi project. Quintero LNG import terminal.
State-owned NNPC appointed the board of One of the companies is Enagas, which owns
Nigerian Greenfield Refinery Ltd (NGRL), with a 45.4% stake in the terminal’s operator GNL
the parent firm’s managing director, Mele Kyari, Quintero, and the other is Acciona Energía, a
challenging them to bring an end to the country’s subsidiary of Acciona.
reliance on refined product imports.
NorthAmOil: Oil sands output growth
EurOil: UK unveils hydrogen strategy Production in Alberta – home to the oil sands –
The UK has unveiled its greatly anticipated strat- reached an all-time record of 3.53mn barrels per
egy for deploying hydrogen as a key low-carbon day on average in the first half of 2021.
energy source, aspiring to create an economy for This marked a 5.7% increase on the same
the fuel worth GBP900mn ($1.2bn) by 2030. period of 2020, and a 1.8% increase on the first
It is then expected to expand to as much as half of 2019.™

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