NOVATEK of Russia announced today that the company’s Board of Directors unanimously approved a buyback program in respect of ordinary shares of NOVATEKand/or Global Depositary Receipts representing Shares (each GDR representing 10 Shares) in the aggregate amount of up to 600 million US dollars. The
LNG player Royal Dutch Shell confirmed its plans to invest over US $1.6 billion for the development of an LNG import terminal in the Philippines, the U.K. Foreign Office said in a release. Shell is already the largest foreign investor in the Philippines (US $5 billion), the U.K. Foreign Office said.
UK’s Grain LNG terminal will receive a cargo of liquefied natural gas this week, according to shipping data. The cargo is being hauled by the 126,000 cbm Ramdane Abane tanker and it is due to arrive at the Grain LNG terminal on June 10. Grain LNG is the UK’s first modern LNG facility and can hold [&
GDF SUEZ announces the opening of a trading floor in Singapore, which belongs to the Group’s subsidiary, GDF SUEZ Trading. This new trading platform began trading in the markets on June 4, 2012. The reason for introducing GDF SUEZ Trading’s operations in Singapore is to support the Group’s expansion
Khalid Bin Khalifa Al-Thani, Qatargas Chief Executive Officer has chaired a keynote address session at the World Gas Conference 2012 being held from 4 – 8 June in Kuala Lumpur, Malaysia. Two papers were presented during the session held on 6th June. The central theme for the keynote sessions and pan
CNPC and Turkmengaz State Concern signed yesterday a cooperation agreement in Beijing. Under the agreement, Turkmenistan will increase gas supply to China via the Central Asia-China Gas Pipeline in addition to the current delivery amount. On the same day, Yagshygeldi Kakayev, Deputy Chairman of the
The U.S. imported three liquefied natural gas cargoes in April, according to the U.S. Department of Energy data. The cargoes were shipped from Qatar, Trinidad and Yemen. U.S. imports have been declining steadily as shippers send LNG to higher-paying markets in Europe and Asia. [mappress] LNG World N
Gasfin Development SA, an independent developer of mid-scale LNG and natural gas projects, today announced they have signed an agreement with National Energy Corporation of Trinidad and Tobago Limited, the subsidiary of the National Gas Company, charged with the conceptualisation, promotion, develop
Queensland’s gas industry today announced it has provided A$13.5 million to the Gladstone Foundation, a government body that distributes funding for social investment in the local region. The Australia Pacific LNG and Queensland Curtis LNG projects have each provided A$5 million and the GLNG project
Santos today announced that it had entered into an agreement with ConocoPhillips and SK E&S (SK), an affiliate of South Korean conglomerate SK Group, to progress the development of the Caldita and Barossa gas discoveries located in the Timor Sea. Prior to the agreement, Santos held a 40% interest in
The expansion of Queensland’s gas industry could increase Gross State Product by half a trillion dollars in the coming decades, boosting employment, wages, and the state’s reputation as an economic powerhouse, a new report has found. Produced by ACIL Tasman for the Australian Petroleum Production &
The newly developed electric drive rope winch by ZOLLERN is employed for the first time as part of a highly sophisticated mobile drilling system used to drill down to a depth of 5 kilometres for gas resources. For the first time, ZOLLERN uses an asynchronous motor developed inhouse and specially des
Strong demand growth for liquefied natural gas (LNG) in Asia and the anticipated start-up of new import terminals in southeast Asia and the Indian subcontinent will drive the demand for LNG to new heights in the next phase of development, said RasGas Company Limited’s Managing Director, Hamad Rashid
Iran will start exporting natural gas to Iraq in the next 18 month, managing director of the National Iranian Gas Company (NIGC), Javad Owji announced. According to the report of the public relations of the NIGC, he said, according to initial agreement with Iraq’s electricity ministry Iran will deli
