Page 19 - DMEA Week 29 2021

DMEA NEWSBASE ROUNDUP GLOBAL (NRG) DMEA

NewsBase Roundup Global (NRG)

NRG WELCOME to NewsBase’s Roundup Global environmental social and governance (ESG)
(NRG), in which the reader is invited to join score than ever before, amid increased climate
our team of international editors, who provide a consciousness among investors.
snapshot of some of the key issues affecting their
regional beats. GLNG: First Nation proposes LNG project
We hope you will like NRG’s new concise for- The Nisga’a Nation, a First Nation in the Cana-
mat, but by clicking on the headline link for each dian province of British Columbia, has unveiled
section the full text will be available as before. a proposal for the Ksi Lisims LNG project,
alongside its partners Western LNG and Rock-
AfrOil: Abuja seeks AKK pipe funding ies LNG Partners.
Nigeria’s federal government is said to be look- The initial project description has been filed
ing for a new source of funding so that Nige- with provincial and federal regulators. The group
rian National Petroleum Corp. (NNPC) can is proposing to build a 12mn tonne per year (tpy)
continue work on the Ajaokuta-Kaduna-Kano LNG project at Wil Milit on the northern tip of
(AKK) natural gas pipeline project. Pearse Island, near the Nisga’a village of Gingolx,
State-controlled NNPC had previously close to BC’s border with Alaska.
arranged to cover most of the costs of the $2.8bn
project with $1.8bn worth of loans from the LatAmOil: Mexico’s carbon-offset LNG
Bank of China (BOC) and China Export & BP (UK) has made its first carbon-offset delivery
Credit Insurance Corporation (Sinosure). of LNG to the Energía Costa Azul (ECA) termi-
nal in Mexico under a contract with two sub-
AsianOil: Indonesia’s H1 output falls short sidiaries of US-based Sempra Energy – namely,
Indonesia’s oil and gas production in the first the company’s Mexican arm IEnova and its LNG
half of this year has once again missed the gov- arm Sempra LNG.
ernment’s target, the country’s upstream regula- In a joint statement, BP and Sempra noted
tor revealed last week. that the LNG was due to arrive at ECA’s terminal
SKK Migas chairman Dwi Soetjipto said on on July 16.
July 16 that crude lifting amounted to 667,000
barrels per day in the first six months. MEOG: Oman bidding, Kuwait drilling
MEOG this week covers Muscat’s latest attempt
EurOil: Higher carbon costs to drum up interest in currently non-producing
Natural gas producers in Europe are bracing areas, while Kuwait is preparing to kick off a
themselves for higher carbon costs following major drilling campaign.
the European Commission’s unveiling of its Fit Oman’s Ministry of Energy and Minerals last
for 55 legislative proposal, aimed at aligning bloc week announced that it will begin accepting bids
rules with the target to reduce greenhouse gas for three hydrocarbon concessions next month
(GHG) emissions by 55% by 2030. under its 2021 Licensing Round.
The Fit for 55 package primarily consists of Meanwhile, state-owned Kuwait Oil Co.
adjustments to the EU’s Emissions Trading Sys- (KOC) is intending to drill more than 750 wells
tem, its flagship tool for reducing emissions that in the north of the country as it seeks to expand
requires polluters to purchase permits to cover its oil production capacity despite shelving plans
the CO2 they emit. for nearby gas development.

FSUOGM: Novatek’s carbon-cutting team NorthAmOil: Boost for Cheniere expansion
Russia’s Novatek has put together a team of its Leading US LNG exporter Cheniere Energy
directors to look at ways of tackling its green- has struck a 15-year supply deal with Tourma-
house gas (GHG) emissions, even while it line Oil, the largest producer of natural gas in
pursues a rapid expansion in its liquefaction Canada.
capacity. The deal is aimed at supporting a proposed
Novatek, like other Russian oil and gas expansion of Cheniere’s Corpus Christi LNG
companies, is paying closer attention to its export terminal in Texas.™

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