Page 17 - AfrOil Week 34 2021

AfrOil NEWSBASE ROUNDUP GLOBAL (NRG) AfrOil

NewsBase Roundup Global (NRG)

NRG Welcome to NewsBase’s Roundup Global 19, noting that the pipeline should start up in
(NRG), in which the reader is invited to join mid-October. Using Russian pipelaying vessels,
our team of international editors, who provide a Gazprom completed the first of Nord Stream 2’s
snapshot of some of the key issues affecting their two strings in June and is due to finish the second
regional beats. We hope you will like NRG’s new this month.
concise format, but by clicking on the headline
link for each section the full text will be available GLNG: ExxonMobil, PNG restart P’nyang
as before. talks
ExxonMobil has restarted talks with the govern-
AsianOil: Woodside, BHP to merge ment of Papua New Guinea (PNG) on the devel-
Australia’s largest independent Woodside Petro- opment of the P’nyang natural gas project. Talks
leum has announced its planned merger with on the project, which was set to be tied to a $13bn
BHP Petroleum, the upstream arm of leading expansion of PNG’s liquefaction capacity, stalled
Australian miner BHP. Woodside said on August in late 2019 after the government pushed for bet-
17 that the two companies had entered into a ter terms than it had obtained for ExxonMobil’s
merger commitment to combine their respective original PNG LNG development.
oil and gas portfolios via an all-scrip deal.
LatAmOil: Green hydrogen plans for
DMEA: Imports and gas deals Chilean LNG terminal
Reports emerged this week suggesting that Saudi Irfaan Ali, the president of Guyana, said last week
Aramco is seeking to significantly improve that his administration intended to establish a
upon the $12.4bn it achieved with its oil pipe- new government agency to oversee the country’s
lines when it inks a similar deal focused on its fledgling oil industry before the end of the year.
network of gas conduits. Sources close to pro- In a public address, Ali indicated that the agency
ceedings were quoted by Reuters as saying that would be known as the Petroleum Commission.
the company has a target of raising at least $17bn The new body will be responsible for oversight
when it leases a stake in the anticipated Aramco of oil and gas projects, as well as revenue from
Gas Pipelines Co. (AGPC). hydrocarbon sales.

EurOil: UK unveils H2 strategy MEOG: Ups and downs in Kurdistan Iraq’s
The UK has unveiled its greatly anticipated strat- federal government has transferred more
egy for deploying hydrogen as a key low-carbon funds to the Kurdistan Regional Government
energy source, aspiring to create GBP900mn (KRG) to pay the salaries of civil servants, but
worth of annual demand for the fuel ($1.2bn) there has been no word of progress on efforts to
by 2030, expanding to as much as GBP13bn reach agreement on budget payments. Mean-
($18bn) by 2050. At the centre of the strategy is while, the region’s Ministry of Natural Resources
an effort to decarbonise energy-intensive and plans to terminate the production-sharing con-
highly polluting industries such as chemicals, oil tracts for Bina Bawi and Miran, which are 100%
refining, power and heavy transport. held by London-listed Genel Energy.
FSU OGM: Gazprom reveals Nord Stream 2 NorthAmOil: Industry groups file lawsuit
delivery plan Production in Alberta, home to the Canadian oil
Russia’s Gazprom has said it expects to export sands, reached an all-time record of 3.53mn bar-
as much as 5.6bn cubic metres of natural gas rels per day on average in H1-2021. This marked
via Nord Stream 2 this year, the Moscow-based a 5.7% increase on the same period of 2020 and a
Kommersant newspaper reported on August 1.8% increase on H1-2019. ™

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Week 34 25•August•2021 www. NEWSBASE .com P17