Page 21 - DMEA Week 34 2021

DMEA NEWSBASE ROUNDUP GLOBAL (NRG) DMEA

NewsBase Roundup Global (NRG)

NRG WELCOME to NewsBase’s Roundup Global Gazprom completed the first of Nord Stream 2’s
(NRG), in which the reader is invited to join two strings in June, and is due to finish the sec-
our team of international editors, who provide a ond this month.
snapshot of some of the key issues affecting their
regional beats. GLNG: Exxon, PNG restart P’nyang talks
We hope you enjoy NRG’s new concise for- ExxonMobil has restarted talks with the gov-
mat, but by clicking on the headline link for each ernment of Papua New Guinea (PNG) on the
section the full text will be available as before. development of the P’nyang natural gas project.
Talks on the project, which was set to be tied
AfrOil: Renergen’s first industrial customer to a $13bn expansion of PNG’s liquefaction
South Africa’s Renergen revealed last week that capacity, stalled in late 2019 after the government
it had agreed to supply LNG to Consol Glass, a pushed for better terms than it had obtained for
Johannesburg-based supplier of glass packaging ExxonMobil’s original PNG LNG development.
materials.
In a statement, Renergen said it had signed a LatAmOil: Chile’s green H2 plans
five-year agreement with Consol Glass. Two Spanish companies are looking to build a
green hydrogen production facility at Chile’s
AsianOil: Qingdao LNG expansion complete Quintero LNG import terminal.
China’s state-run Sinopec has finished the first One of the companies is Enagas, which owns
stage of expansion work at its Qingdao LNG a 45.4% stake in the terminal’s operator GNL
import facility in Shandong Province. Quintero, and the other is Acciona Energía, a
The company said on August 24 that it had subsidiary of Acciona.
finished building two 160,000 cubic metre stor-
age tanks, expanding the terminal’s handling
capacity by 17% from 6mn tonnes per year to MEOG: Ups and downs in Kurdistan
7mn tpy. This week’s MEOG looks at the news that Erbil is
set to receive another cash advance while seeking
EurOil: UK unveils hydrogen strategy to terminate two gas development licences.
The UK has unveiled its greatly anticipated strat- Iraq’s federal government this week trans-
egy for deploying hydrogen as a key low-carbon ferred more funds to the Kurdistan Regional
energy source, aspiring to create an economy for Government (KRG) to pay the salaries of civil
the fuel worth GBP900mn ($1.2bn) by 2030. servants, but there has been no word of pro-
It is then expected to expand to as much as gress on efforts to reach agreement on budget
GBP13bn ($18bn) by 2050. payments.
At the centre of the strategy released on Meanwhile, the region’s Ministry of Natural
August 17 is an effort to decarbonise energy-in- Resources has announced that it plans to termi-
tensive and highly polluting industries such nate the production-sharing contracts for Bina
as chemicals, oil refining, power and heavy Bawi and Miran, which are 100% held by Lon-
transport. don-listed Genel Energy.

FSUOGM: Nord Stream 2 delivery plans NorthAmOil: Oil sands output growth
Russia’s Gazprom has said it expects to export Production in Alberta – home to the oil sands –
as much as 5.6bn cubic metres of natural gas reached an all-time record of 3.53mn barrels per
via Nord Stream 2 this year, the Moscow-based day on average in the first half of 2021.
Kommersant newspaper reported on August This marked a 5.7% increase on the same
19, noting that the pipeline should start up in period of 2020, and a 1.8% increase on the first
mid-October. Using Russian pipelaying vessels, half of 2019.™

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