Page 20 - DMEA Week 43 2021

DMEA NEWSBASE ROUNDUP GLOBAL (NRG) DMEA

NewsBase Roundup Global (NRG)

NRG WELCOME to NewsBase’s Roundup Global recent months.
(NRG), in which the reader is invited to join The deputy chairman of Gazprom’s man-
our team of international editors, who provide a agement committee, Famil Sadygov, said the
snapshot of some of the key issues affecting their fund would provide “necessary budget strength
regional beats. and resistance to volatility in the external
We hope you enjoy NRG’s new concise for- environment.”
mat, but by clicking on the headline link for each
section the full text will be available as before. GLNG: Venture asks to start Calcasieu Pass
Venture Global LNG has asked US regulators
AfrOil: Kenya to study LNG-to-power for permission to begin commissioning lique-
Kenya’s national electricity provider has report- faction systems at its Calcasieu Pass LNG export
edly chosen US-based K&M Advisors as its terminal in Louisiana.
contractor for a feasibility study of a proposed The company told the US Federal Energy
LNG-to-power project. Regulatory Commission (FERC) in a filing last
K&M Advisors announced the contract week that the environmental conditions required
award last week, saying it had agreed to perform to begin commissioning had been met, and that
this service for state-owned Kenya Electricity it was therefore seeking permission to proceed.
Generating Co. (KenGen) over a period of 10-12
months. LatAmOil: Tula refinery back online
Mexico’s second-largest oil refinery has report-
AsianOil: Australia’s net zero roadmap edly resumed regular commercial operations
The Australian government has not only laid out after being shut down for several weeks because
its plan to achieve carbon neutrality by 2050 but of protests that blocked railway and road trans-
has also thrown its support behind the country’s port routes.
coal and natural gas producers and exporters. A source inside Pemex, Mexico’s national oil
Australian Prime Minister Scott Morrison company, told Reuters last week that the 315,000
unveiled the government’s Long-Term Emis- barrel per day Tula plant, located in Hidalgo
sions Reduction Plan (LTERP) on October 26, State, was operational once again.
describing it as a “credible pathway” to net zero
by 2050. MEOG: Iran output and Saudi emissions
The National Iranian Oil Co. (NIOC) this week
EurOil: EU backs binding methane targets reiterated its focus on expanding production
EU lawmakers have backed imposing binding from the West Karoun oilfield cluster, targeting
targets for cutting methane emissions across $11bn of budget allocation to add 1mn barrels
multiple sectors, the European Parliament per day of new output.
announced on October 21. Meanwhile, Saudi Arabia announced that it
In a resolution on the EU’s strategy for cut- would reduce emissions from the Kingdom to
ting methane emissions, MEPs voted 563 to 122 ‘net zero’ by 2060, with oil firm Saudi Aramco
in favour of introducing binding measures and also setting an ambitious target for emissions.
targets on methane abatement in order to sig-
nificantly reduce emissions by 2030, in line with NorthAmOil: E. Canadian exploration deal
Paris goals. QatarEnergy has announced that it has signed
an agreement with ExxonMobil to farm into an
FSUOGM: Gazprom to build up risk fund exploration licence offshore Newfoundland and
Russia’s Gazprom announced on October 19 it Labrador in Eastern Canada.
would build a reserve fund worth RUB726bn Exploration Licence 1165A is located in the
($10.2bn) by the end of the year to manage Flemish Pass Basin, around 450 km east of St
potential risks, even while it generates record gas John’s, and contains the Hampden prospect in
revenues on the back of a surge in prices over water depths of around 1,100 metres.™

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P20 www. NEWSBASE .com Week 43 28•October•2021