Page 18 - AfrOil Week 30 2021

AfrOil NEWSBASE ROUNDUP GLOBAL (NRG) AfrOil

NewsBase Roundup Global (NRG)

NRG Welcome to NewsBase’s Roundup Global Germany and the US on July 21, in which they
(NRG), in which the reader is invited to join declared they would let Nord Stream 2 go ahead
our team of international editors, who provide a but would punish Russia if it tried to use the
snapshot of some of the key issues affecting their pipeline as a weapon.
regional beats. We hope you will like NRG’s new
concise format, but by clicking on the headline GLNG: Port Arthur LNG plans suffer
link for each section the full text will be available another blow
as before. US-based Sempra Energy announced this week
that it had signed a memorandum of under-
AsianOil: India OKs two new SPR sites standing with Poland’s PGNiG for the potential
India’s government has approved plans to build purchase of around 2mn tonnes per year of LNG.
two underground crude oil storage facilities that The preliminary deal potentially spells bad news
will expand the country’s strategic petroleum for Sempra’s proposed Port Arthur LNG export
reserve (SPR) capacity by 6.5mn tonnes. The project in Texas.
central government allocated INR2.1bn
($28.18mn) in fiscal year 2020-2021 to acquire LatAmOil: US legislators urge Biden to
the land needed for a 4mn tonne (43.98mn bar- examine Mexican energy policy
rel) facility in Odisha State and a 2.5mn tonne Twenty US senators and representatives have
(18.3mn barrel) facility in Karnataka State. urged President Joe Biden to take a closer look
at the Mexican government’s energy policy in
DMEA: Pipe freeze and sanctions scrutiny light of the challenges faced by US oil, gas and
Israel’s Ministry of Environmental Protection power companies working in Mexico. In the let-
this week announced that it was delaying the ter, the legislators voiced serious concerns about
development of an oil transmission project that the measures that the administration of Mexican
will pipe Emirati oil from the Red Sea directly to President Andres Manuel Lopez Obrador has
the Mediterranean. Meanwhile, despite having taken to insulate state-run organisations from
been blacklisted by the US two years ago, China competition.
Concord Petroleum Co. (CCPC) has reportedly
become a key player in the trade of Iranian oil. MEOG: Deals and details
A deal between Iraq’s Ministry of Oil and
EurOil: Norway enjoys a good year TotalEnergies will see the French company
Activity on the Norwegian Continental Shelf carry out work on projects in oil, gas and renew-
has been high this month, supported by a rally ables. Meanwhile, outgoing Iranian Minister of
in oil and gas prices, the Norwegian Petroleum Petroleum Bijan Zanganeh said last week that the
Directorate reported on July 7. Eight discoveries new Goreh-Jask pipeline will reach full design
were made during the six-month period, with a capacity of 1mn barrels per day by the end of the
combined mid-range resource estimate of more current Iranian calendar year in March 2022.
than 400mn barrels of oil equivalent.
NorthAmOil: Shell announces Whale FID
FSU OGM: Russia open to continuing A subsidiary of Royal Dutch Shell announced
Ukraine gas transit this week that it had made a final investment
Russia is open to continuing natural gas transits decision (FID) on the Whale project in the US
via Ukraine after its current contract with Kyiv Gulf of Mexico. Shell Offshore said Whale would
expires at the end of 2024, Kremlin spokesman entail 99% replication of the hull and 80% repli-
Dmitry Peskov told reporters on July 22. Peskov cation of the topsides from the company’s Vito
was responding to a joint statement issued by project. ™

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P18 www. NEWSBASE .com Week 30 28•July•2021