Page 14 - GLNG Week 41 2021
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GLNG                          NEWSBASE’S ROUNDUP GLOBAL (NRG)                                          GLNG


       NewsBase’s Roundup Global (NRG)








        NRG              WELCOME to NewsBase’s Roundup Global  afternoon of October 6, after Russian President
                         (NRG), in which the reader is invited to join  Vladimir Putin hinted that Gazprom might
                         our team of international editors, who provide a  release more supply onto the market. The con-
                         snapshot of some of the key issues affecting their  tract for November gas delivery at the Dutch
                         regional beats. We hope you will like NRG’s new  TFF platform briefly soared to almost $2,000 per
                         concise format, but by clicking on the headline link  1,000 cubic metres in the early hours of trading,
                         for each section the full text will be available as  before sliding back down around $1,700.
                         before.
                                                              GLNG: PNG government wants bigger
                         AfrOil: ReconAfrica’s seismic survey draws  stake in PNG LNG
                         fire from NGO                        The government of Papua New Guinea (PNG) has
                         Toronto-listed Reconnaissance Africa Energy,  said that it would want to up its stake in the PNG
                         known as ReconAfrica, has come under fire  LNG project if the proposed takeover of Oil Search
                         from a local non-governmental organisation  by Santos goes ahead. Under the proposed deal,
                         called Frack Free Namibia (FFN). In a statement  Santos will acquire Oil Search’s interest in PNG
                         issued last week, FFN alleged that ReconAfrica’s  LNG, making it the biggest single shareholder in
                         exploration activities had disrupted local com-  the project, which is operated by ExxonMobil,
                         munities in the Kavango Basin.       with a 42.5% stake.

                         AsianOil: ENN seals long-term LNG supply  LatAmOil: Indigenous protest halts ONP
                         deal with Cheniere                   pipeline flows
                         Chinese utility ENN Natural Gas has signed  A group of indigenous Peruvians took over the
                         a new long-term liquefied natural gas sup-  facilities of Pump Station #5 along the North-
                         ply agreement with the US’ Cheniere Energy.  ern Oil Pipeline (ONP) last week, in an act that
                         The Chinese company said on October 11 that  forced the national oil company Petroperu, the
                         Cheniere had agreed to supply 900,000 tonnes  owner of ONP, to halt crude shipments. In a
                         per year of the fuel for 13 years from July 2022  statement, Petroperu said it had taken this step
                         on a free-on-board basis.            after residents of the northern Loreto region
                                                              seized control of the pumping station on Octo-
                         DMEA: Ruwais cancellation and another  ber 4.
                         IPO
                         This week’s DMEA covers the cancellation of  MEOG: New targets and rebranding
                         plans to build a major new refinery in Abu Dhabi  In MEOG this week we look at Iraq’s efforts to
                         and the next stage of Aramco’s asset monetisation  conclude talks with international operators on
                         plan. State-owned Abu Dhabi National Oil Co.  increasing oil production and Qatar’s NOC
                         (ADNOC) this week has said that it will no longer  rebrand. Iraq’s Ministry of Oil believes it is near-
                         proceed with a major expansion of its down-  ing the conclusion of talks with IOCs develop-
                         stream hub at Ruwais, citing a lack of commer-  ing its major oilfields regarding efforts that will
                         cial attractiveness. Meanwhile, Saudi Aramco is  increase the country’s oil production to 8mn
                         continuing its asset monetisation strategy, with  barrels per day by 2027. Meanwhile, state-owned
                         reports suggesting it is once again preparing to  Qatar Petroleum (QP) this week announced that
                         follow the lead of regional competitor ADNOC  it is in the process of rebranding as QatarEnergy
                         with the listing of a share in its fuel arm.  in a nod to a strategic shift to focus on more envi-
                                                              ronmentally friendly operations.
                         EurOil: Repsol raises 2030 clean energy
                         target                               NorthAmOil: Chevron to aim for net zero
                         Spanish energy group Repsol has announced it  by 2050
                         is increasing its 2030 target for renewable energy  Chevron announced this week that it would pur-
                         capacity by 60%, while also setting new targets to  sue net-zero greenhouse gas emissions by 2050.
                         limit the emissions from its oil and gas business.  The company described the target as an “aspira-
                         Repsol was the first major oil and gas producer to  tion”, and while it fell short of the more aggres-
                         pledge to become a net-zero emissions company  sive net-zero goals set by European rivals such as
                         by 2050.                             Royal Dutch Shell and BP, it marks the first such
                                                              move by one of the two US super-majors.
                         FSUOGM: European gas prices slide back
                         after Putin comments                 See the archive and sign up to receive NRG Editor’s
                         Natural gas prices in Europe took a dive on the  Picks for free by email each week here.™







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