Page 14 - GLNG Week 23 2021

GLNG NEWSBASE’S ROUNDUP GLOBAL (NRG) GLNG

NewsBase’s Roundup Global (NRG)

NRG WELCOME to NewsBase’s Roundup Global gas from sources other than Russia.
(NRG), in which the reader is invited to join
our team of international editors, who provide a FSUOGM: energy transition takes centre
snapshot of some of the key issues affecting their stage at SPIEF
regional beats. We hope you will like NRG’s new The energy transition took centre stage at the
concise format, but by clicking on the headline link St Petersburg International Economic Forum
for each section the full text will be available as on June 3-5, with the event resulting in a raft of
before. deals between Russian and international com-
panies aimed at tackling emissions. Russia has
AfrOil: Savannah seeks ExxonMobil assets promoted SPIEF as the “largest post-pandemic
in Chad, Cameroon meeting,” estimating ahead of the event that
UK-based Savannah Energy is looking to acquire 5,000 delegates would attend.
a package of upstream and midstream assets in
Chad and Cameroon from ExxonMobil (US). In GLNG: Excelerate FSRU comes online off-
a statement, Savannah said it was in “advanced shore Argentina
exclusive discussions” with the US super-major Excelerate Energy announced last week that its
on the deal, which covers ExxonMobil’s entire Exemplar floating storage and regasification unit
portfolio in the two countries. had started operations offshore the Argentine
port of Bahia Blanca. This brings Argentina’s LNG
AsianOil: Japanese developers to boost oil, import facilities to two, with another Excelerate
gas production with CCS FSRU already stationed at Escobar since 2011.
Japanese developers are studying the use of car-
bon capture and storage technology in domestic LatAmOil: USTDA grant funds LNG-to-
upstream projects as they strive to boost output power study
while also reducing emissions. Inpex has teamed US-based Black & Veatch will conduct a feasibil-
up with state-affiliated Japan Oil, Gas and Metals ity study of the Andes Energy Terminal (AET)
National Corp. (JOGMEC) to implement a car- project, an LNG-to-power scheme that will serve
bon dioxide (CO2) enhanced oil recovery pilot central and south-western Colombia. The costs
test at the Minami-aga oilfield in Niigata Prefec- of the study will be covered by a grant from the
ture, they revealed in a joint statement on June 4. US Trade and Development Agency (TDA).

DMEA: Egyptian petchems and Nigerian MEOG: Aramco bond and Turkish gas
urea This week’s MEOG covers Saudi Aramco’s latest
This week’s DMEA looks at the start of con- bond issue and another major gas announce-
struction on Egypt’s new petrochemical facil- ment by Turkey. State-owned Aramco hired
ity and at Nigeria’s Dangote Group beginning a group of banks to advise on and arrange its
commercial urea production. Egyptian Prime first US dollar-denominated sukuk, with Reu-
Minister Mostafa Madbouly this week attended ters reporting that a target of $5bn has been set.
a ground-breaking ceremony for the start of Meanwhile, Turkish President Recep Tayyip
construction on a new $7.5bn petrochemical Erdogan announced that Turkish Petroleum
facility in the Suez Canal Economic Zone in (TPAO) had struck gas with its Amasra-1 explo-
Ain Sokhna. Meanwhile, speaking during a tour ration well, adding 135bn cubic metres of gas to
of the company’s facilities near Lagos over the the game-changing Sakarya discovery declared
weekend, Dangote’s president said that the urea last year.
plant, which will have a capacity of 3mn tpy in
its first phase, is the largest project in the global NorthAmOil: Consolidation wave shows no
fertiliser sector. signs of slowing
The wave of consolidation sweeping the US oil
EurOil: Baltic Pipe setbacks and gas industry shows no sign of slowing, with
Denmark’s Environmental and Food Appeals yet more new deals announced in recent days
Board has repealed the country’s Environmen- by shale producers. Civitas Resources, which
tal Protection Agency’s permit for the onshore itself is currently in the process of being formed
part of the Baltic Pipe, a gas link between Nor- through the merger of Bonanza Creek Energy
way and Poland, the Danish electricity and gas and Extraction Oil & Gas, has agreed this week
grids operator Energinet, which is building to acquire Crestone Peak Resources.
the pipeline in co-operation with Poland, said
on June 3. The board’s decision is a setback for See the archive and sign up to receive NRG Editor’s
Poland, which is building capacity to import Picks for free by email each week here.™

P14 www. NEWSBASE .com Week 23 11•June•2021