Page 16 - FSUOGM Week 29 2021

FSUOGM NEWSBASE ROUNDUP GLOBAL (NRG) FSUOGM

NewsBase Roundup Global (NRG)

NRG Welcome to NewsBase’s Roundup Global GLNG: First Nation, Partners Propose Cana-
(NRG), in which the reader is invited to join dian LNG Project
our team of international editors, who provide a The Nisga'a Nation, a First Nation in the
snapshot of some of the key issues affecting their Canadian province of British Columbia, has
regional beats. We hope you will like NRG's new unveiled a proposal for the Ksi Lisims LNG
concise format, but by clicking on the headline project, alongside its partners Western LNG
link for each section the full text will be available and Rockies LNG Partners. The initial project
as before. description has been filed with provincial and
federal regulators.
AfrOil: Abuja Reportedly Seeking New The group is proposing to build a 12mn
Funding For AKK Pipeline tonne per year (tpy) LNG project at Wil Milit
Nigeria’s federal government is said to be look- on the northern tip of Pearse Island, near the
ing for a new source of funding so that Nigerian Nisga'a village of Gingolx, close to BC’s border
National Petroleum Corp. (NNPC) can continue with Alaska. The facility is anticipated to cost
work on the Ajaokuta-Kaduna-Kano (AKK) CAD10bn ($7.8bn).
natural gas pipeline project. State-controlled
NNPC had previously arranged to cover most LatAmOil: Carbon-Offset LNG Cargo Arrives
of the costs of the $2.8bn project with $1.8bn In Mexico
worth of loans from the Bank of China (BOC) BP (UK) has made its first carbon-offset
and China Export & Credit Insurance Corpora- delivery of LNG to the Energía Costa Azul
tion (Sinosure). (ECA) terminal in Mexico under a contract
with two subsidiaries of US-based Sempra
AsianOil: Indonesia’s H1 Output Falls Short Energy – namely, the company’s Mexican arm
Indonesia’s oil and gas production in the first IEnova and its LNG arm Sempra LNG. In a
half of this year has once again missed the gov- joint statement, BP and Sempra noted that the
ernment’s target, the country’s upstream regula- LNG was due to arrive at ECA’s terminal on
tor revealed last week. July 16. They did not reveal the size or value
SKK Migas chairman Dwi Soetjipto said on of the cargo but reported that the gas had been
July 16 that crude lifting amounted to 667,000 sourced from BP’s global portfolio.
barrels per day in the first six months. With the
government’s production target for 2021 set at MEOG: Oman Bidding, Kuwait Drilling
705,000 bpd, SKK Migas warned that output This week, MEOG covers Muscat’s latest
was only likely to reach 680,000 bpd. attempt to drum up interest in currently
non-producing areas, while Kuwait is pre-
DMEA: Fao Funding And Jask Loading paring to kick off a major drilling campaign.
This week, DMEA looks at Chinese funding for Oman’s Ministry of Energy and Miner-
a Chinese-built refinery in Iraq and prepara- als last week announced that it will begin
tions for the first crude loading from Iran’s new accepting bids for three hydrocarbon con-
oil terminal. cessions next month under its 2021 Licens-
Oil Minister Ihsan Abdul-Jabbar has dis- ing Round.
closed that Iraq’s recent award of a contract to According to the ministry, the offshore
a Chinese company for the construction of a Block 23 and onshore Blocks 38 and 66 will
major new refinery followed receipt of guar- be included in the bid round.
antees to finance the project.
NorthAmOil: Cheniere’s Expansion Plan
EurOil: Higher Carbon Costs Boosted By Tourmaline Deal
Natural gas producers in Europe are bracing Leading US LNG exporter Cheniere Energy
themselves for higher carbon costs following has struck a 15-year supply deal with Tourma-
the European Commission’s unveiling of its line Oil, the largest producer of natural gas in See the archive and
Fit for 55 legislative proposal, aimed at align- Canada. The deal is aimed at supporting a pro- sign up to receive
ing bloc rules with the target to reduce green- posed expansion of Cheniere’s Corpus Christi *NRG Editor’s Picks*
house gas (GHG) emissions by 55% by 2030. LNG export terminal in Texas. for free by email each
The Fit for 55 package primarily consists Under the deal, Tourmaline will supply week here
of adjustments to the EU’s Emissions Trading Cheniere with 140,000mn British thermal
System, its flagship tool for reducing emis- units (3.9mn cubic metres) per day of gas to
sions that requires polluters to purchase per- Corpus Christi LNG from 2023. This will
mits to cover the CO2 they emit. The system be converted to roughly 850,000 tonnes per
also sets a cap on total emissions from sectors year (tpy) of LNG, and will be marketed by
that decreases over time. Cheniere.

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