Page 14 - NorthAmOil Week 34 2021

NorthAmOil NEWSBASE’S ROUNDUP GLOBAL (NRG) NorthAmOil

NewsBase’s Roundup Global (NRG)

GLOBAL WELCOME to NewsBase’s Roundup Global FSUOGM: Gazprom reveals Nord Stream 2
(NRG), in which the reader is invited to join delivery plans
our team of international editors, who provide a Russia’s Gazprom has said it expects to export
snapshot of some of the key issues affecting their as much as 5.6bn cubic metres of natural gas
regional beats. We hope you will like NRG’s new via Nord Stream 2 this year, the Moscow-based
concise format, but by clicking on the headline link Kommersant newspaper reported on August
for each section the full text will be available as 19, noting that the pipeline should start up in
before. mid-October. Using Russian pipelaying vessels,
Gazprom completed the first of Nord Stream 2’s
AfrOil: Renergen’s first industrial customer two strings in June, and is due to finish the sec-
South Africa’s Renergen revealed last week that ond this month.
it had agreed to supply LNG to Consol Glass, a
Johannesburg-based supplier of glass packag- GLNG: ExxonMobil, PNG restart P’nyang
ing materials. In a statement, Renergen said it talks
had signed a five-year agreement with Consol ExxonMobil has restarted talks with the govern-
Glass. ment of Papua New Guinea (PNG) on the devel-
opment of the P’nyang natural gas project. Talks
AsianOil: Sinopec completes Qingdao LNG on the project, which was set to be tied to a $13bn
terminal expansion expansion of PNG’s liquefaction capacity, stalled
China’s state-run Sinopec has finished the first in late 2019 after the government pushed for better
stage of expansion work at its Qingdao LNG terms than it had obtained for ExxonMobil’s origi-
import facility in Shandong Province. The nal PNG LNG development.
company said on August 24 that it had finished
building two 160,000 cubic metre storage tanks, LatAmOil: Green hydrogen plans for Chile-
expanding the terminal’s handling capacity by an LNG terminal
17% from 6mn tonnes per year to 7mn tpy. Two Spanish companies are looking to build a
green hydrogen production facility at Chile’s
DMEA: NNPC launches greenfield subsid- Quintero LNG import terminal. One of the
iary companies is Enagas, which owns a 45.4% stake
This week’s DMEA covers the launch of an in the terminal’s operator GNL Quintero, and
NNPC subsidiary to oversee the establishment the other is Acciona Energía, a subsidiary of
and operation of new refineries in Nigeria and Acciona.
Japan’s funding for a major Iraqi project. State-
owned NNPC appointed the board of Nigerian MEOG: Ups and downs in Kurdistan
Greenfield Refinery Ltd (NGRL), with the parent This week’s MEOG looks at the news that Erbil is
firm’s managing director, Mele Kyari, challeng- set to receive another cash advance while seeking
ing them to bring an end to the country’s reliance to terminate two gas development licences. Iraq’s
on refined product imports. Meanwhile, Japan federal government this week transferred more
this week formalised a previous agreement to funds to the Kurdistan Regional Government
provide a low-interest loan to Iraq for the Basra (KRG) to pay the salaries of civil servants, but
Refinery Upgrading Project (BRUP), on which there has been no word of progress on efforts to
work began earlier this year. reach agreement on budget payments. Mean-
while, the region’s Ministry of Natural Resources
EurOil: UK unveils hydrogen strategy has announced that it plans to terminate the
The UK has unveiled its greatly anticipated production-sharing contracts for Bina Bawi and
strategy for deploying hydrogen as a key Miran, which are 100% held by London-listed
low-carbon energy source, aspiring to create Genel Energy.
an economy for the fuel worth GBP900mn
($1.2bn) by 2030, expanding to as much as NorthAmOil: Growth amid uncertainty for
GBP13bn ($18bn) by 2050. the oil sands
At the centre of the strategy released on Production in Alberta – home to the oil sands
August 17 is an effort to decarbonise ener- – reached an all-time record of 3.53mn barrels
gy-intensive and highly polluting industries per day on average in the first half of 2021. This
such as chemicals, oil refining, power and marked a 5.7% increase on the same period of
heavy transport. The strategy includes devel- 2020, and a 1.8% increase on the first half of
opment of both blue hydrogen, which involves 2019.
a carbon capture component, and green
hydrogen, which is produced from renewable See the archive and sign up to receive NRG Editor’s
sources of energy. Picks for free by email each week here.™

P14 www. NEWSBASE .com Week 34 26•August•2021