Page 7 - LatAmOil Week 43 2021

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The proposed terminal will be constructed in Puerto Libertad (Image: MPL)

More specifically, MPL said that the companies energy transition,” he said. “We are constantly
intended to apply energy transition and green- evolving our business strategies to further
house gas (GHG) emissions reduction technol- reduce our carbon footprint, and this cut-
ogies, as built by Bechtel and developed by a unit ting-edge initiative provides opportunities to
of ConocoPhillips known as ConocoPhillips reduce greenhouse gas emissions by seeking
LNG Licensing, to the process of developing the to curtail the production of emissions, rather
planned LNG terminal. than just capturing or reporting them. We are
It did not reveal any specific details about honoured to partner with this world-class LNG
these technologies but said the parties aimed to team as we do our collective part to address cli-
deploy them in a “cost-efficient and competitive mate change.”
manner.” Meanwhile, Tom Mathiasmeier, president of
The MPL LNG terminal is already set to Global Gas, Power and LNG at ConocoPhillips,
make a contribution to global emissions reduc- pointed out that the planned facility in Puerto
tion efforts, the company asserted. Since the Libertad would help establish a new export
facility will be built on the western coast of route for gas extracted from US fields. “MPL
Mexico, it will allow exporters to deliver natural represents an excellent opportunity for Cono-
gas to Asian markets in less time than similar coPhillips to work closely with a West Coast
US facilities located on the coast of the Gulf of North American LNG developer to provide
Mexico, it explained. carbon-advantaged gas feedstock from our
Douglas Shanda, the president and CEO of growing Permian Basin gas supply and assist
MPL, described the collaboration agreement as MPL in developing a commercial strategy for
a positive development for his company. supplying carbon-neutral LNG in the future,”
“LNG plays a significant role in the global he commented. ™

TRINIDAD AND TOBAGO
Shell hopes to sign PSC

for Manatee gas field soon

ROYAL Dutch Shell is set to sign a produc- PSC in the coming weeks.”
tion-sharing contract (PSC) with Trinidad and The company did not say when it expected
Tobago for Manatee, an offshore natural gas to finalise the deal, but it did state that the pro-
field. ject would help secure adequate gas supplies for
Shell confirmed last week that it had struck Trinidad and Tobago’s domestic market, as well
a deal with Port of Spain on the parameters of as the Atlantic LNG plant. “The Manatee devel-
the PSC. “We are pleased to have reached agree- opment presents a significant medium-term
ment ... on terms to enable the development of opportunity for the local energy sector to bolster
the Manatee area,” the Anglo-Dutch major told gas supply to both domestic and LNG export
Argus Media. “We look forward to signing the markets,” it commented.

Week 43 28•October•2021 www. NEWSBASE .com P7