Page 19 - MEOG Week 29 2021

MEOG NEWSBASE ROUNDUP GLOBAL (NRG) MEOG

NewsBase Roundup Global (NRG)

NRG WELCOME to NewsBase’s Roundup Global (GHG) emissions by 55% by 2030.
(NRG), in which the reader is invited to join The Fit for 55 package primarily consists of
our team of international editors, who provide a adjustments to the EU’s Emissions Trading Sys-
snapshot of some of the key issues affecting their tem, its flagship tool for reducing emissions that
regional beats. requires polluters to purchase permits to cover
We hope you will like NRG’s new concise for- the CO2 they emit.
mat, but by clicking on the headline link for each
section the full text will be available as before. FSUOGM: Novatek’s carbon-cutting team
Russia’s Novatek has put together a team of its
AfrOil: Abuja seeks AKK pipe funding directors to look at ways of tackling its green-
Nigeria’s federal government is said to be look- house gas (GHG) emissions, even while it
ing for a new source of funding so that Nige- pursues a rapid expansion in its liquefaction
rian National Petroleum Corp. (NNPC) can capacity.
continue work on the Ajaokuta-Kaduna-Kano Novatek, like other Russian oil and gas com-
(AKK) natural gas pipeline project. panies, is paying closer attention to its environ-
State-controlled NNPC had previously mental social and governance (ESG) score than
arranged to cover most of the costs of the $2.8bn ever before, amid increased climate conscious-
project with $1.8bn worth of loans from the ness among investors.
Bank of China (BOC) and China Export &
Credit Insurance Corporation (Sinosure). GLNG: First Nation proposes LNG project
The Nisga’a Nation, a First Nation in the Cana-
AsianOil: Indonesia’s H1 output falls short dian province of British Columbia, has unveiled
Indonesia’s oil and gas production in the first a proposal for the Ksi Lisims LNG project,
half of this year has once again missed the gov- alongside its partners Western LNG and Rock-
ernment’s target, the country’s upstream regula- ies LNG Partners.
tor revealed last week. The initial project description has been filed
SKK Migas chairman Dwi Soetjipto said on with provincial and federal regulators. The group
July 16 that crude lifting amounted to 667,000 is proposing to build a 12mn tonne per year (tpy)
barrels per day in the first six months. LNG project at Wil Milit on the northern tip of
Pearse Island, near the Nisga’a village of Gingolx,
DMEA: Fao funding and Jask loading close to BC’s border with Alaska.
This week DMEA looks at Chinese funding for a
Chinese-built refinery in Iraq and preparations LatAmOil: Mexico’s carbon-offset LNG
for the first crude loading from Iran’s new oil BP (UK) has made its first carbon-offset delivery
terminal. of LNG to the Energía Costa Azul (ECA) termi-
Oil Minister Ihsan Abdul-Jabbar has dis- nal in Mexico under a contract with two sub-
closed that Iraq’s recent award of a contract to sidiaries of US-based Sempra Energy – namely,
a Chinese company for the construction of a the company’s Mexican arm IEnova and its LNG
major new refinery followed receipt of guaran- arm Sempra LNG.
tees to finance the project. Meanwhile, the first In a joint statement, BP and Sempra noted
volumes of crude will begin being loaded from that the LNG was due to arrive at ECA’s terminal
Iran’s new Jask Oil Terminal (JOT) following the on July 16.
arrival of oil through the first phase of the 1,000-
km Goreh-Jask pipeline. NorthAmOil: Boost for Cheniere expansion
Leading US LNG exporter Cheniere Energy
EurOil: Higher carbon costs has struck a 15-year supply deal with Tourma-
Natural gas producers in Europe are bracing line Oil, the largest producer of natural gas in
themselves for higher carbon costs following Canada.
the European Commission’s unveiling of its Fit The deal is aimed at supporting a proposed
for 55 legislative proposal, aimed at aligning bloc expansion of Cheniere’s Corpus Christi LNG
rules with the target to reduce greenhouse gas export terminal in Texas.™

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