Daily Energy News
Policy & Regulatory
UAE renews its commitment to cut CO2 emissions by 70% by 2050
19 May 2021
The Ministry of Energy and Infrastructure of the United Arab Emirates (UAE) has renewed its commitment to cut the country’s CO2 emissions by 70% by 2050 (as defined in the Energy Strategy 2050) and to increase the use of clean energies (renewables and nuclear) by 50% by 2050. The country bets on solar and green hydrogen to reduce its emissions.
Mexico’s CRE cancels private permits to import and market fuels
18 May 2021
The energy regulatory commission (CRE) of Mexico has cancelled 139 permits awarded to private oil and gas companies to commercialise oil, condensates, NGL, petroleum products and natural gas in Mexico, considering that they had not registered activities for more than one year. According to the Secretary of Energy, the number of private permits has been reduced from 1,053 in 2018 to 68, discharging permits for not having been used or for alleged illegal practices.
Companies
Engie aims to become net zero carbon by 2045
19 May 2021
Engie has unveiled plans to reach net zero carbon by 2045 on all scopes, nearly halving its power generation carbon intensity from 348 g/kWh in 2017 to 158 g/kWh in 2030.
Woodside withdraws from the 18 Mt/year Kitimat LNG project in Canada
19 May 2021
The Australian oil and gas group Woodside has decided to withdraw from the proposed Kitimat LNG project in British Columbia (western Canada), in which it held a 50% non-operated interest. The group will divest or wind up assets and agreements related to the proposed gas liquefaction project, its site and the related 480 km long Pacific Trail Pipeline route.
Sasol aims to sell a 30% stake in Mozambique-South Africa gas pipeline
18 May 2021
South Africa’s oil and petrochemical company Sasol has concluded a sale and purchase agreement (SPA) to sell a 30% stake in the Republic of Mozambique Pipeline Company (ROMPCO) to a consortium including Reatile Group Proprietary and the IDEAS Fund for an initial amount of ZAR4,145bn (US$293m) and a deferred payment of up to ZAR1bn (up to US$71m). The transaction is subject to pre-emptive rights by other shareholders and is expected to be completed in the second half of 2021.
Energy & Climate Markets
Kuwait plans to move ahead with a 2 GW wind-solar power project
19 May 2021
The Kuwait Authority for Partnership Projects (KAPP) is considering issuing a tender for consultancy services for the Shagaya renewable project. The project would be developed in four phases, with a planned capacity of 4 GW by 2030. The third phase, for which the tender would be issued, would have a total capacity of 2,000 MW and would include solar PV, CSP and wind technologies.
Rusinvest acquires 7.5 Mt/year Antipinsky refinery in Russia
19 May 2021
The Russian company Rusinvest has completed the acquisition of the 7.5 Mt/year Antipinsky oil refinery, located in the Tyumen region in western Siberia (Russia), for nearly RUB111bn (US$1.5bn), as part of bankruptcy proceedings. The refinery, one of the largest independent oil refineries in Russia, which struggled to pay for crude oil deliveries, had repeatedly halted operations and filed for bankruptcy in 2019. The refinery’s main creditor Sberbank and a group of investors had then taken over an 80% stake in the refinery.
Infrastructure & Investments
Novatek plans to complete Arctic LNG-2 project (Russia) in 2025
19 May 2021
The Russian oil and gas group Novatek plans to commission the third train of its Arctic LNG-2 plant in the Russian Arctic one year earlier than planned, i.e. in 2025 instead of 2026. The 19.8 Mt/year Arctic LNG 2 project is owned by Novatek (60%), Total, CNOOC, CNPC and Japan Arctic LNG (10% each). The export plant will consist of three liquefaction trains of 6.6 Mt/year capacity each.
GE signs contract for 1.2 GW Dogger Bank C offshore wind project (UK)
19 May 2021
GE Renewable Energy has finalised the Turbine Supply and Service and Warranty contracts for the 1,200 MW Dogger Bank C offshore wind project located 130 km off the north-east coast of England (United Kingdom). The 3,600 MW Dogger Bank offshore wind project is developed in three 1,200 MW phases by SSE (50% in Dogger Bank C, and 40% in Dogger Bank A & B), Equinor (50% in Dogger Bank C, and 40% in Dogger Bank A & B), and Eni (20% in Dogger Bank A & B).
JGC wins pre-FEED contract for a 1.2 Mt/year FLNG project in Nigeria
19 May 2021
The Nigerian National Petroleum Corporation and the Nigerian private oil sales company UTM Offshore have selected JGC to deliver the pre-front end engineering and design (pre-FEED) work for a 1.2 Mt/year (1.8 bcm) floating LNG (FLNG) plant in Nigeria. The plant would tap gas resources from the Yoho gas field owned and operated by ExxonMobil and the NNPC. It will remove reinjected gas in the field that was used for enhanced oil recovery (EOR).
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