Page 18 - EurOil Week 29 2021

EurOil NEWSBASE ROUNDUP GLOBAL (NRG) EurOil

NewsBase Roundup Global (NRG)

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

P18 www. NEWSBASE .com Week 29 22•July•2021