Page 18 - AsianOil Week 29 2021

AsianOil NEWSBASE ROUNDUP GLOBAL (NRG) AsianOil

This week’s top stories...

NRG Welcome to NewsBase’s Roundup Global it pursues a rapid expansion in its liquefaction
(NRG), in which the reader is invited to join capacity. Novatek, like other Russian oil and gas
our team of international editors, who provide a companies, is paying closer attention to its envi-
snapshot of some of the key issues affecting their ronmental social and governance (ESG) score
regional beats. We hope you will like NRG's new than ever before, amid increased climate con-
concise format, but by clicking on the headline sciousness among investors.
link for each section the full text will be available
as before. GLNG: Canadian LNG project proposal
THE Nisga’a Nation, a First Nation in the Cana-
AfrOil: Abuja seeks funds for AKK pipeline dian province of British Columbia, has unveiled
NIGERIA’S federal government is said to be a proposal for the Ksi Lisims LNG project, along-
looking for a new source of funding so that side its partners Western LNG and Rockies LNG
Nigerian National Petroleum Corp. (NNPC) can Partners. The initial project description has been
continue work on the Ajaokuta-Kaduna-Kano filed with provincial and federal regulators. The
(AKK) natural gas pipeline project. State-con- group is proposing to build a 12mn tonne per
trolled NNPC had previously arranged to cover year (tpy) LNG project at Wil Milit on the north-
most of the costs of the $2.8bn project with ern tip of Pearse Island, near the Nisga’a village of
$1.8bn worth of loans from the Bank of China Gingolx, close to BC’s border with Alaska.
(BOC) and China Export & Credit Insurance
Corporation (Sinosure). LatAmOil: Carbon-offset LNG arrives in Mexico
BP (UK) has made its first carbon-offset delivery
DMEA: Fao funding, Jask loading of LNG to the Energía Costa Azul (ECA) termi-
THIS week DMEA looks at Chinese funding for nal in Mexico under a contract with two subsid-
a Chinese-built refinery in Iraq and preparations iaries of US-based Sempra Energy – namely, the
for the first crude loading from Iran’s new oil company’s Mexican arm IEnova and its LNG
terminal. Oil Minister Ihsan Abdul-Jabbar has arm Sempra LNG. In a joint statement, BP and
disclosed that Iraq’s recent award of a contract Sempra noted that the LNG was due to arrive at
to a Chinese company for the construction of a ECA’s terminal on July 16.
major new refinery followed receipt of guaran-
tees to finance the project. Meanwhile, the first MEOG: Oman bidding, Kuwait drilling
volumes of crude will begin being loaded from MEOG this week covers Muscat’s latest
Iran’s new Jask Oil Terminal (JOT) following the attempt to drum up interest in currently
arrival of oil through the first phase of the 1,000- non-producing areas, while Kuwait is pre-
km Goreh-Jask pipeline. paring to kick off a major drilling campaign.
Oman’s Ministry of Energy and Minerals last
Euroil: Higher carbon costs week announced that it will begin accepting
NATURAL gas producers in Europe are bracing bids for three hydrocarbon concessions next
themselves for higher carbon costs following the month under its 2021 Licensing Round. Mean-
European Commission’s unveiling of its Fit for while, state-owned Kuwait Oil Co. (KOC) is
55 legislative proposal, aimed at aligning bloc intending to drill more than 750 wells in the
rules with the target to reduce greenhouse gas north of the country as it seeks to expand its
(GHG) emissions by 55% by 2030. The Fit for 55 oil production capacity despite shelving plans
package primarily consists of adjustments to the for nearby gas development.
EU’s Emissions Trading System, its flagship tool
for reducing emissions that requires polluters to NorthAmOil: Cheniere’s expansion boost
purchase permits to cover the CO2 they emit. LEADING US LNG exporter Cheniere Energy
has struck a 15-year supply deal with Tourmaline
FSU OGM: Novatek creates carbon-cutting team Oil, the largest producer of natural gas in Can-
RUSSIA’S Novatek has put together a team ada. The deal is aimed at supporting a proposed
of its directors to look at ways of tackling its expansion of Cheniere’s Corpus Christi LNG
greenhouse gas (GHG) emissions, even while export terminal in Texas.™

P18 www. NEWSBASE .com Week 29 22•July•2021