Page 13 - AsianOil Week 34 2021

AsianOil NEWSBASE ROUNDUP GLOBAL (NRG) AsianOil

This week’s top stories...

NRG Welcome to NewsBase’s Roundup Global via Nord Stream 2 this year, the Moscow-based
(NRG), in which the reader is invited to join Kommersant newspaper reported on August
our team of international editors, who provide a 19, noting that the pipeline should start up in
snapshot of some of the key issues affecting their mid-October. Using Russian pipelaying vessels,
regional beats. We hope you will like NRG's new Gazprom completed the first of Nord Stream 2’s
concise format, but by clicking on the headline two strings in June, and is due to finish the sec-
link for each section the full text will be available ond this month.
as before.
GLNG: ExxonMobil, PNG restart P’nyang talks
AfrOil: Renergen’s first industrial customer EXXONMOBIL has restarted talks with the
SOUTH Africa’s Renergen revealed last week government of Papua New Guinea (PNG) on
that it had agreed to supply LNG to Consol the development of the P’nyang natural gas
Glass, a Johannesburg-based supplier of glass project. Talks on the project, which was set to
packaging materials. In a statement, Renergen be tied to a $13bn expansion of PNG’s lique-
said it had signed a five-year agreement with faction capacity, stalled in late 2019 after the
Consol Glass. government pushed for better terms than it
had obtained for ExxonMobil’s original PNG
DMEA: NNPC launches greenfield subsidiary LNG development.
THIS week’s DMEA covers the launch of an
NNPC subsidiary to oversee the establishment LatAmOil: Chilean green hydrogen plans
and operation of new refineries in Nigeria and TWO Spanish companies are looking to build
Japan’s funding for a major Iraqi project. State- a green hydrogen production facility at Chile’s
owned NNPC appointed the board of Nigerian Quintero LNG import terminal. One of the
Greenfield Refinery Ltd (NGRL), with the parent companies is Enagas, which owns a 45.4%
firm’s managing director, Mele Kyari, challeng- stake in the terminal’s operator GNL Quin-
ing them to bring an end to the country’s reliance tero, and the other is Acciona Energía, a sub-
on refined product imports. Meanwhile, Japan sidiary of Acciona.
this week formalised a previous agreement to
provide a low-interest loan to Iraq for the Basra MEOG: Ups and downs in Kurdistan
Refinery Upgrading Project (BRUP), on which THIS week’s MEOG looks at the news that Erbil
work began earlier this year. is set to receive another cash advance while seek-
ing to terminate two gas development licences.
Euroil: UK unveils hydrogen strategy Iraq’s federal government this week transferred
THE UK has unveiled its greatly anticipated more funds to the Kurdistan Regional Govern-
strategy for deploying hydrogen as a key ment (KRG) to pay the salaries of civil servants,
low-carbon energy source, aspiring to create an but there has been no word of progress on efforts
economy for the fuel worth GBP900mn ($1.2bn) to reach agreement on budget payments. Mean-
by 2030, expanding to as much as GBP13bn while, the region’s Ministry of Natural Resources
($18bn) by 2050. At the centre of the strategy has announced that it plans to terminate the
released on August 17 is an effort to decarbonise production-sharing contracts for Bina Bawi and
energy-intensive and highly polluting industries Miran, which are 100% held by London-listed
such as chemicals, oil refining, power and heavy Genel Energy.
transport. The strategy includes development
of both blue hydrogen, which involves a carbon NorthAmOil: Growth amid oil sands uncertainty
capture component, and green hydrogen, which PRODUCTION in Alberta – home to the oil
is produced from renewable sources of energy. sands – reached an all-time record of 3.53mn
barrels per day on average in the first half of
FSU OGM: Gazprom’s Nord Stream 2 plans 2021. This marked a 5.7% increase on the same
RUSSIA’S Gazprom has said it expects to export period of 2020, and a 1.8% increase on the first
as much as 5.6bn cubic metres of natural gas half of 2019.™

Week 34 26•August•2021 www. NEWSBASE .com P13