Page 16 - MEOG Week 43 2021

MEOG NEWSBASE ROUNDUP GLOBAL (NRG) MEOG

NewsBase Roundup Global (NRG)

NRG WELCOME to NewsBase’s Roundup Global in favour of introducing binding measures and
(NRG), in which the reader is invited to join targets on methane abatement in order to sig-
our team of international editors, who provide a nificantly reduce emissions by 2030, in line with
snapshot of some of the key issues affecting their Paris goals.
regional beats.
We hope you enjoy NRG’s new concise for- FSUOGM: Gazprom to build up risk fund
mat, but by clicking on the headline link for each Russia’s Gazprom announced on October 19 it
section the full text will be available as before. would build a reserve fund worth RUB726bn
($10.2bn) by the end of the year to manage
AfrOil: Kenya to study LNG-to-power potential risks, even while it generates record gas
Kenya’s national electricity provider has report- revenues on the back of a surge in prices over
edly chosen US-based K&M Advisors as its recent months.
contractor for a feasibility study of a proposed The deputy chairman of Gazprom’s man-
LNG-to-power project. agement committee, Famil Sadygov, said the
K&M Advisors announced the contract fund would provide “necessary budget strength
award last week, saying it had agreed to perform and resistance to volatility in the external
this service for state-owned Kenya Electricity environment.”
Generating Co. (KenGen) over a period of 10-12
months. GLNG: Venture asks to start Calcasieu Pass
Venture Global LNG has asked US regulators
AsianOil: Australia’s net zero roadmap for permission to begin commissioning lique-
The Australian government has not only laid out faction systems at its Calcasieu Pass LNG export
its plan to achieve carbon neutrality by 2050 but terminal in Louisiana.
has also thrown its support behind the country’s The company told the US Federal Energy
coal and natural gas producers and exporters. Regulatory Commission (FERC) in a filing last
Australian Prime Minister Scott Morrison week that the environmental conditions required
unveiled the government’s Long-Term Emis- to begin commissioning had been met, and that
sions Reduction Plan (LTERP) on October 26, it was therefore seeking permission to proceed.
describing it as a “credible pathway” to net zero
by 2050. LatAmOil: Tula refinery back online
Mexico’s second-largest oil refinery has report-
DMEA: Fuels in focus edly resumed regular commercial operations
The federal government in Baghdad has started after being shut down for several weeks because
sending tankers filled with gasoline to the Kurd- of protests that blocked railway and road trans-
istan Regional Government (KRG) in Erbil to port routes.
ease a fuel supply crisis in the semi-autonomous A source inside Pemex, Mexico’s national oil
region. company, told Reuters last week that the 315,000
Meanwhile, Saudi Aramco and France’s Total barrel per day Tula plant, located in Hidalgo
Energies have launched two new fuel service State, was operational once again.
stations in Saudi Arabia under a joint venture
agreement signed in 2019. NorthAmOil: E. Canadian exploration deal
QatarEnergy has announced that it has signed
EurOil: EU backs binding methane targets an agreement with ExxonMobil to farm into an
EU lawmakers have backed imposing binding exploration licence offshore Newfoundland and
targets for cutting methane emissions across Labrador in Eastern Canada.
multiple sectors, the European Parliament Exploration Licence 1165A is located in the
announced on October 21. Flemish Pass Basin, around 450 km east of St
In a resolution on the EU’s strategy for cut- John’s, and contains the Hampden prospect in
ting methane emissions, MEPs voted 563 to 122 water depths of around 1,100 metres.™

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P16 www. NEWSBASE .com Week 43 27•October•2021