Page 17 - LatAmOil Week 43 2021

LatAmOil NEWSBASE ROUNDUP GLOBAL (NRG) LatAmOil

NewsBase Roundup Global (NRG)

NRG Welcome to NewsBase’s Roundup Global the EU’s strategy for cutting methane emissions,
(NRG), in which the reader is invited to join MEPs voted 563 to 122 in favour of introducing
our team of international editors, who provide a binding measures and targets on methane abate-
snapshot of some of the key issues affecting their ment in order to reduce emissions by 2030.
regional beats. We hope you will like NRG’s new
concise format, but by clicking on the headline FSU OGM: Gazprom to build up $10.2bn
link for each section the full text will be available risk fund
as before. Russia’s Gazprom said on October 19 that it
would build a reserve fund worth RUB726bn
AfrOil: Kenya to study LNG-to-power ($10.2bn) by the end of 2021 to manage potential
project risks, even as it generates record gas revenues on
Kenya’s national electricity provider has the back of a surge in prices over recent months.
reportedly chosen US-based K&M Advisors The deputy chairman of Gazprom’s management
as its contractor for a feasibility study of a pro- committee, Famil Sadygov, said the fund would
posed LNG-to-power project. K&M Advisors provide “necessary budget strength and resist-
announced the contract award last week, saying ance to volatility in the external environment.”
it had agreed to perform this service for state-
owned Kenya Electricity Generating Co. (Ken- GLNG: Venture Global seeks permission to
Gen) over a period of 10-12 months. begin Calcasieu Pass commissioning
Venture Global LNG has asked US regulators for
AsianOil: Australia unveils net zero plan permission to begin commissioning liquefaction
Australia has not only laid out its plan to achieve systems at its Calcasieu Pass LNG export termi-
carbon neutrality by 2050 but has also thrown nal in Louisiana. The company told the US Fed-
its support behind the country’s coal and natural eral Energy Regulatory Commission (FERC) in
gas producers and exporters. Australian Prime a filing last week that it was seeking authorisation
Minister Scott Morrison unveiled the govern- to proceed, since the environmental conditions
ment’s Long-Term Emissions Reduction Plan required to take this step had been met.
(LTERP) on October 26, describing it as a “cred-
ible pathway” to net zero by 2050. MEOG: Iranian yields and Saudi emissions
National Iranian Oil Co. (NIOC) this week reit-
DMEA: Fuels in focus erated its focus on expanding production from
Iraq’s federal government has started sending the West Karoun oilfield cluster, targeting $11bn
tankers filled with gasoline to the Kurdistan of budget allocation to add 1mn barrels per day
Regional Government (KRG) in Erbil to ease (bpd) of new output. Meanwhile, Saudi Arabia
a fuel supply crisis in the semi-autonomous has pledged to cut net carbon emissions to zero
region. Meanwhile, Saudi Aramco and France’s by 2060, and Saudi Aramco is also setting ambi-
Total Energies have launched two new fuel ser- tious targets for emissions.
vice stations in Saudi Arabia under a joint ven-
ture agreement signed in 2019. NorthAmOil: QatarEnergy, ExxonMobil
partner to explore offshore Eastern Canada
EurOil: EU lawmakers back binding QatarEnergy (formerly Qatar Petroleum) has
methane targets signed an agreement with ExxonMobil to farm
EU lawmakers have backed imposing binding into an exploration licence offshore Newfound-
targets for cutting methane emissions across land and Labrador in Eastern Canada. Explora-
multiple sectors, the European Parliament tion Licence 1165A is located in the Flemish Pass
announced on October 21. In a resolution on Basin, around 450 km east of St John’s. ™

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Week 43 28•October•2021 www. NEWSBASE .com P17