Page 14 - AsianOil Week 25 2021

AsianOil NEWSBASE ROUNDUP GLOBAL (NRG) AsianOil

This week’s top stories...

NRG Welcome to NewsBase’s Roundup Global pipeline. In an investor presentation on June 17,
(NRG), in which the reader is invited to join Gazprom’s deputy chairman Famil Sadigov said
our team of international editors, who provide a the company had delivered 4.1bn cubic metres
snapshot of some of the key issues affecting their of gas to China in 2020 and earned RUB44.3bn
regional beats. We hope you will like NRG's new ($608mn) from those sales.
concise format, but by clicking on the headline
link for each section the full text will be available GLNG: Skikda LNG shuts on technical issue
as before. ALGERIA’S state-owned Sonatrach reported
at the weekend that it had taken the Skikda
AfrOil: Eni to launch Coral South LNG in 2022 LNG plant offline on June 11. In a statement,
ITALY’S Eni is on track to launch the Coral Sonatrach attributed the shutdown to technical
South LNG project offshore Mozambique next problems. “A technical issue occurred on June 11
year, despite the violence and civil unrest that has at the Skikda LNG complex and led to the shut-
slowed down TotalEnergies’ plans for develop- down of this complex,” it said.
ment of a nearby field. A spokesperson for the
Italian major said earlier this week that Eni aimed LatAmOil: Staatsolie awards offshore blocks
to begin extracting and processing gas from the SURINAME’S national oil company (NOC)
Coral section of the offshore block known as Staatsolie has concluded the Shallow Offshore
Area 4 in 2022, as previously anticipated. Bid Round by awarding three shallow-water
offshore blocks to Chevron (US) and a consor-
DMEA: Fuel subsidies and plastics tium set up by TotalEnergies (France) and Qatar
IN DMEA this week, we look at the IMF’s Petroleum. Staatsolie named Chevron and the
concerns about the resurgence of fuel subsi- consortium as the winning bidders in the licens-
dies in Nigeria as plastics manufacturers await ing round on June 18.
improved feedstock availability. The Interna-
tional Monetary Fund (IMF) this week voiced its MEOG: Qurna expansion and Asian finance
concern about the increasing implementation of THIS week’s MEOG looks at Iraq’s plans to
fuel subsidies in Nigeria despite Abuja claiming expand production from its supergiant West
to have ended their use. Qurna-1 (WQ-1) oilfield, while South Korea
has stumped up credit for oil projects in Abu
Euroil: The hydrogen storage challenge Dhabi involving Korean firms. Iraq’s Ministry
THE EU has embraced hydrogen as a key tool of Oil (MoO) announced that state-owned
for decarbonising heavy industry and other sec- Basra Oil Co. (BOC) had signed a contract
tors, but a new report suggests that developing with incumbent US operator ExxonMobil and
enough storage capacity for the fuel could be a services firm Schlumberger to drill 96 wells to
significant hurdle. Even if all existing natural gas allow for an increase in output capabilities
storage capacity across the 21 countries included from the current 500,000 barrels per day to
in the report was repurposed for hydrogen, 700,000 bpd.
Europe would still fall “far short” of the capacity
it needs for anticipated hydrogen demand in the NorthAmOil: Hurricane season disruption
future, the report by Gas Infrastructure Europe SOME disruption to oil and gas operations in
(GIE) concludes. the US Gulf of Mexico was seen last week, as a
weather disturbance that later became Tropical
FSU OGM: Gazprom’s China gas deal Storm Claudette threatened the region. Chevron
RUSSIA’S Gazprom has for the first time publicly and Occidental Petroleum both said on June 17
disclosed how much it is earning from natural that they were implementing storm precautions
gas supplies to China via the Power of Siberia at their offshore facilities.™

P14 www. NEWSBASE .com Week 25 24•June•2021