Page 16 - FSUOGM Week 34 2021

FSUOGM NEWSBASE ROUNDUP GLOBAL (NRG) FSUOGM

NewsBase Roundup Global (NRG)

NRG Welcome to NewsBase’s Roundup Global an economy for the fuel worth GBP900mn
(NRG), in which the reader is invited to join ($1.2bn) by 2030, expanding to as much as
our team of international editors, who provide a GBP13bn ($18bn) by 2050.
snapshot of some of the key issues affecting their
regional beats. We hope you will like NRG's new GLNG: ExxonMobil, PNG Restart P’nyang
concise format, but by clicking on the headline Talks
link for each section the full text will be available ExxonMobil has restarted talks with the gov-
as before. ernment of Papua New Guinea (PNG) on
the development of the P’nyang natural gas
AfrOil: Renergen’s First Industrial Custom- project.
er Talks on the project, which was set to be
South Africa’s Renergen revealed last week that tied to a $13bn expansion of PNG’s liquefac-
it had agreed to supply LNG to Consol Glass, a tion capacity, stalled in late 2019 after the gov-
Johannesburg-based supplier of glass packaging ernment pushed for better terms than it had
materials. obtained for ExxonMobil’s original PNG LNG
In a statement, Renergen said it had signed development.
a five-year agreement with Consol Glass. Under
that document, the former company will begin LatAmOil: Green Hydrogen Plans For Chilean
deliveries to the latter in January 2022, shortly LNG Terminal
after the commissioning of the first phase of its Two Spanish companies are looking to build a
Victoria gas project. green hydrogen production facility at Chile’s
Quintero LNG import terminal. One of the
AsianOil: Sinopec Completes Qingdao LNG companies is Enagas, which owns a 45.4%
Terminal Expansion stake in the terminal’s operator GNL Quin-
China’s state-run Sinopec has finished the first tero, and the other is Acciona Energía, a sub-
stage of expansion work at its Qingdao liquefied sidiary of Acciona.
natural gas (LNG) import facility in Shandong
Province. MEOG: Ups And Downs In Kurdistan
The company said on August 24 that it had This week’s MEOG looks at the news that
finished building two 160,000 cubic metre stor- Erbil is set to receive another cash advance
age tanks, expanding the terminal’s handling while seeking to terminate two gas develop-
capacity by 17% from 6mn tonnes per year to ment licences.
7mn tpy. Work on the project began in Novem- Iraq’s federal government this week trans-
ber 2018. ferred more funds to the Kurdistan Regional
Government (KRG) to pay the salaries of
DMEA: NNPC Launches Greenfield Subsid- civil servants, but there has been no word
iary of progress on efforts to reach agreement on
This week’s DMEA covers the launch of an budget payments.
NNPC subsidiary to oversee the establish-
ment and operation of new refineries in NorthAmOil: Growth Amid Uncertainty For
Nigeria and Japan’s funding for a major Iraqi The Oil Sands
project. Production in Alberta – home to the oil sands
State-owned NNPC appointed the board – reached an all-time record of 3.53mn barrels
of Nigerian Greenfield Refinery Ltd (NGRL), per day (bpd) on average in the first half of See the archive and
with the parent firm’s managing director, Mele 2021. This marked a 5.7% increase on the same sign up to receive
Kyari, challenging them to bring an end to the period of 2020, and a 1.8% increase on the first *NRG Editor’s Picks*
country’s reliance on refined product imports. half of 2019. for free by email each
Some producers are hoping to raise their week here
EurOil: UK Unveils Hydrogen Strategy output further still. Oil sands giant Canadian
The UK has unveiled its greatly anticipated Natural Resources Ltd (CNRL) said it was
strategy for deploying hydrogen as a key increasing its capex owing to an increasingly
low-carbon energy source, aspiring to create positive outlook for commodity prices.

P16 www. NEWSBASE .com Week 34 25•August•2021