Page 8 - LatAmOil Week 45 2021

LatAmOil EL SALVADOR LatAmOil

This TPP, which will use regasified LNG as The FSRU, which will be able to regasify LNG at
fuel, is due to begin operating next year. It will the rate of up to 280mn cubic feet (7.93mn cubic
eventually turn out enough electricity to cover metres) per day, will also be the first vessel of its
around 30% of El Salvador’s demand and will be kind to be deployed in Central America. It will
linked to the Central American Electrical Inter- take delivery of LNG, regasify it and transfer it to
connection System (known as CAIES). This a 2-km pipeline for delivery to shore.
system connects the power grids of El Salvador, According to EDP, the project will help El
Guatemala, Nicaragua, Honduras, Costa Rica Salvador reduce its carbon footprint by expand-
and Panama, via a 230-kV transmission line. ing domestic natural gas consumption. The
The BW Tatiana is a converted LNG carrier joint venture’s new gas-fired TPP will replace
formerly known as the Gallina and previously older power stations that burn dirtier residual
owned by Royal Dutch Shell (UK/Netherlands). fuel oil. ™

COSTA RICA
Beyond Oil and Gas Alliance aims

to end hydrocarbon production

THE Beyond Oil and Gas Alliance (BOGA) “The fossil era must come to an end.”
is calling for an immediate end to new licens- The alliance is the first state-led initative to
ing rounds for oil and gas exploration, and bring the phasing out of oil and gas production
has signed up 11 governments to a promise into the international area.
to end oil and gas production by Paris Agree- The alliance currently features: Denmark;
ment-aligned date. France; Ireland; Sweden; Wales; Iceland; Costa
The initiative, which is led by the Danish and Rica; Quebec; New Zealand and California. Italy
Costa Rican governments and was launched at supports the alliance as a friend. The group does
COP26 in Glasgow on November 11, has called not feature any major oil and gas producers, and
for “bold and tangible action, not talk” to move crucially does not feature the UK, the COP26
beyond oil and gas. host.
The alliance is supported by 11 governments Denmark is taking the lead by setting 2050
and views an end to oil and gas production as as the date for the end of oil and gas production,
a key component of meeting the Paris Agree- and has committed to ceasing immediately all
ment’s 1.5-degree target. oil and gas licensing. “Our goal is not small, our
“The IPPC has sounded a code red for ambition is not modest. We hope that today will
humanity, because there is no future for oil and mark the beginning of the end of oil and gas,”
gas in a 1.5-degree world,” said Danish Minister said Jorgensen. “The science has spoken and the
for Climate, Energy and Utilities Dan Jorgensen time for O&G has run out,” he said.

BOGA’s membership roster (Image: BOGA)

P8 www. NEWSBASE .com Week 45 11•November•2021