Page 17 - MEOG Week 25 2021

MEOG NEWSBASE ROUNDUP GLOBAL (NRG) MEOG

NewsBase Roundup Global (NRG)

NRG WELCOME to NewsBase’s Roundup Global significant hurdle.
(NRG), in which the reader is invited to join Even if all existing natural gas storage capac-
our team of international editors, who provide a ity across the 21 countries included in the report
snapshot of some of the key issues affecting their was repurposed for hydrogen, Europe would still
regional beats. fall “far short” of the capacity it needs for antici-
We hope you will like NRG’s new concise for- pated hydrogen demand in the future, the report
mat, but by clicking on the headline link for each by Gas Infrastructure Europe (GIE) concludes.
section the full text will be available as before.
FSUOGM: Gazprom’s China deal details
AfrOil: Coral South launch still on for 2022 Russia’s Gazprom has for the first time publicly
Italy’s Eni is on track to launch the Coral South disclosed how much it is earning from natural
LNG project offshore Mozambique next year, gas supplies to China via the Power of Siberia
despite the violence and civil unrest that has pipeline.
slowed down TotalEnergies’ plans for develop- In an investor presentation on June 17, Gaz-
ment of a nearby field. prom’s deputy chairman Famil Sadigov said the
A spokesperson for the Italian major said ear- company had delivered 4.1bn cubic metres of
lier this week that Eni aimed to begin extracting gas to China in 2020 and earned RUB44.3bn
and processing gas from the Coral section of the ($608mn) from those sales.
offshore block known as Area 4 in 2022, as pre-
viously anticipated. GLNG: Skikda LNG forced to shut
Algeria’s state-owned Sonatrach reported at the
AsianOil: Sarawak awards onshore project weekend that it had taken the Skikda LNG plant
Sarawak state-owned Petroleum Sarawak (Pet- offline on June 11. In a statement, Sonatrach
ros) has awarded the development contract for attributed the shutdown to technical problems.
onshore Block SK433 to Malaysian independ- “A technical issue occurred on June 11 at the
ents Petra Energy Development and Uzma Skikda LNG complex and led to the shutdown of
Engineering. this complex,” it said.
Petros issued a letter of conditional award for
the block on June 15, Uzma said on June 18, add- LatAmOil: Staatsolie awards shallow blocks
ing that its partner would operate the licence for Suriname’s national oil company (NOC) Staat-
the joint venture. solie has concluded the Shallow Offshore Bid
Round by awarding three shallow-water off-
DMEA: Fuel subsidies and plastics shore blocks to Chevron (US) and a consortium
In DMEA this week, we look at the IMF’s con- set up by TotalEnergies (France) and Qatar
cerns about the resurgence of fuel subsidies Petroleum.
in Nigeria as plastics manufacturers await Staatsolie named Chevron and the consor-
improved feedstock availability. tium as the winning bidders in the licensing
The International Monetary Fund (IMF) round on June 18.
this week voiced its concern about the increas-
ing implementation of fuel subsidies in Nigeria NorthAmOil: Hurricane disruption begins
despite Abuja claiming to have ended their use. Some disruption to oil and gas operations in
the US Gulf of Mexico was seen last week, as a
EurOil: the hydrogen storage challenge weather disturbance that later became Tropical
The EU has embraced hydrogen as a key tool Storm Claudette threatened the region.
for decarbonising heavy industry and other sec- Chevron and Occidental Petroleum both
tors, but a new report suggests that developing said on June 17 that they were implementing
enough storage capacity for the fuel could be a storm precautions at their offshore facilities.™

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