Page 17 - LatAmOil Week 34 2021

LatAmOil NEWSBASE ROUNDUP GLOBAL (NRG) LatAmOil

NewsBase Roundup Global (NRG)

NRG Welcome to NewsBase’s Roundup Global August 17 is an effort to decarbonise energy-in-
(NRG), in which the reader is invited to join tensive and highly polluting industries such as
our team of international editors, who provide a chemicals, oil refining, power and heavy trans-
snapshot of some of the key issues affecting their port. The strategy includes development of both
regional beats. We hope you will like NRG’s new blue hydrogen and green hydrogen.
concise format, but by clicking on the headline
link for each section the full text will be available FSU OGM: Gazprom reveals delivery plan
as before. for Nord Stream 2
Russia’s Gazprom has said it expects to export
AfrOil: Renergen signs first deal with as much as 5.6bn cubic metres of natural gas
industrial customer via Nord Stream 2 this year, the Moscow-based
South Africa’s Renergen revealed last week that Kommersant newspaper reported on August
it had agreed to supply LNG to Consol Glass, a 19, noting that the pipeline should start up in
Johannesburg-based supplier of glass packaging mid-October. Using Russian pipelaying vessels,
materials. In a statement, Renergen said it had Gazprom completed the first of Nord Stream 2’s
signed a five-year agreement with Consol Glass. two strings in June and is due to finish the second
this month.
AsianOil: Sinopec completes Qingdao LNG
terminal expansion GLNG: ExxonMobil, PNG restart P’nyang
China’s state-run Sinopec has finished the first talks
stage of expansion work at its Qingdao LNG ExxonMobil has restarted talks with the govern-
import facility in Shandong Province. The ment of Papua New Guinea (PNG) on the devel-
company said on August 24 that it had finished opment of the P’nyang natural gas project. Talks
building two 160,000 cubic metre storage tanks, on the project, which was set to be tied to a $13bn
expanding the terminal’s handling capacity by expansion of PNG’s liquefaction capacity, stalled
17% from 6mn tonnes per year to 7mn tpy. in late 2019 after the government pushed for bet-
ter terms than it had obtained for ExxonMobil’s
DMEA: NNPC launches greenfield original PNG LNG development.
subsidiary
State-owned NNPC has appointed the board of MEOG: Ups and downs in Kurdistan
Nigerian Greenfield Refinery Ltd (NGRL), with Iraq’s federal government has transferred more
the parent firm’s managing director, Mele Kyari, funds to the Kurdistan Regional Government
challenging them to bring an end to the country’s (KRG) to pay the salaries of civil servants, but
reliance on refined product imports. Meanwhile, there has been no word of progress on efforts to
Japan this week formalised a previous agreement reach agreement on budget payments. Mean-
to provide a low-interest loan to Iraq for the while, the region’s Ministry of Natural Resources
Basra Refinery Upgrading Project (BRUP), on plans to terminate the production-sharing con-
which work began earlier this year. tracts for Bina Bawi and Miran, which are 100%
held by London-listed Genel Energy.
EurOil: UK unveils H2 strategy
The UK has unveiled its greatly anticipated strat- NorthAmOil: Industry groups file lawsuit
egy for deploying hydrogen as a key low-carbon Production in Alberta, home to the Canadian oil
energy source, aspiring to create an economy sands, reached an all-time record of 3.53mn bar-
for the fuel worth GBP900mn ($1.2bn) by 2030, rels per day on average in H1-2021. This marked
expanding to as much as GBP13bn ($18bn) by a 5.7% increase on the same period of 2020 and
2050. At the centre of the strategy released on a 1.8% increase on H1-2019. ™

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Week 34 26•August•2021 www. NEWSBASE .com P17