Page 17 - LatAmOil Week 25 2021

LatAmOil NEWSBASE ROUNDUP GLOBAL (NRG) LatAmOil

NewsBase Roundup Global (NRG)

NRG Welcome to NewsBase’s Roundup Global significant hurdle. Even if all existing natural gas
(NRG), in which the reader is invited to join storage capacity across the 21 countries included
our team of international editors, who provide a in the report was repurposed for hydrogen,
snapshot of some of the key issues affecting their Europe would still fall “far short” of the capacity
regional beats. We hope you will like NRG’s new it needs to meet demand in the future, the report
concise format, but by clicking on the headline by Gas Infrastructure Europe (GIE) concludes.
link for each section the full text will be available
as before. FSU OGM: Gazprom reveals Chinese gas
supply details
AfrOil: Eni still aims to launch Coral South Russia’s Gazprom has for the first time publicly
LNG in 2022 disclosed how much it is earning from natural
Italy’s Eni is on track to launch the Coral South gas supplies to China via the Power of Siberia
LNG project offshore Mozambique next year, pipeline. In an investor presentation on June 17,
despite the violence and civil unrest that has Gazprom’s deputy chairman Famil Sadigov said
slowed down TotalEnergies’ plans for develop- the company had delivered 4.1bn cubic metres
ment of a nearby field. A spokesperson for the of gas to China in 2020 and earned RUB44.3bn
Italian major said earlier this week that Eni aimed ($608mn) from those sales.
to begin extracting and processing gas from the
Coral section of the offshore block known as GLNG: Skikda LNG plant forced to shut on
Area 4 in 2022, as previously anticipated. technical issue
Algeria’s state-owned Sonatrach reported at the
AsianOil: Sarawak awards onshore project weekend that it had taken the Skikda LNG plant
to Petra Energy, Uzma offline on June 11. In a statement, Sonatrach
Sarawak state-owned Petroleum Sarawak (Pet- attributed the shutdown to technical problems.
ros) has awarded the development contract for “A technical issue occurred on June 11 at the
onshore Block SK433 to Malaysian independ- Skikda LNG complex and led to the shutdown
ents Petra Energy Development and Uzma of this complex,” it said.
Engineering. Petros issued a letter of conditional
award for the block on June 15, Uzma said on MEOG: WQ-1 expansion
June 18, adding that its partner would operate Iraq’s Ministry of Oil (MoO) announced that
the licence for the joint venture. state-owned Basra Oil Co. (BOC) had signed a
contract with incumbent US operator Exxon-
DMEA: Nigerian fuel subsidies Mobil and services firm Schlumberger to drill 96
The International Monetary Fund (IMF) is wells to allow for an increase in output capabili-
concerned about the resurgence of fuel subsi- ties from the current 500,000 barrels per day to
dies in Nigeria, as plastics manufacturers await 700,000 bpd.
improved feedstock availability. The IMF this
week voiced its concern about the increasing NorthAmOil: Hurricane season disruption
implementation of fuel subsidies in Nigeria begins
despite Abuja claiming to have ended their use. Some disruption to oil and gas operations in
the US Gulf of Mexico was seen last week, as a
EurOil: The hydrogen storage challenge weather disturbance that later became Tropical
The EU has embraced hydrogen as a key tool Storm Claudette threatened the region. Chev-
for decarbonising heavy industry and other sec- ron and Occidental Petroleum both said on June
tors, but a new report suggests that developing 17 that they were implementing storm precau-
enough storage capacity for the fuel could be a tions at their offshore facilities. ™

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Week 25 24•June•2021 www. NEWSBASE .com P17