Berlin hosted today a working meeting between Alexey Miller, Chairman of the Management Committee of Gazprom and Kurt Bock, Chairman of the Board of Executive Directors of BASF. The meeting examined the current issues of bilateral cooperation. In particular, the Chairmen discussed the progress with
The board of BP p.l.c. announced today that Andrew Shilston will join the Board as a non-executive director with effect from 1st January 2012. Andrew Shilston is currently chief financial officer at Rolls-Royce Holdings plc. Carl-Henric Svanberg, chairman of BP, said: “We continue to strengthen the
Alexey Miller, Chairman of the Gazprom Management Committee held a meeting yesterday in Minsk on the integration of Beltransgaz into Gazprom Group. Taking part in the meeting were Deputy Chairmen of the Gazprom Management Committee: Andrey Kruglov, Head of the Department for Finance and Economics, a
Indonesia’s LNG exports dropped by 15 percent in October from the month before, according to data from the Indonesia Bank. The country exported 83.9 million British thermal units , down from 99.2 million British thermal units in September. Indonesian exports of LNG will fall to 362 cargoes in 2011 f
Indian Oil Corp and GAIL Ltd may buy stake in LNG projects in Africa, Business Standard reported, citing India’s Oil Minister S Jaipal Reddy. “Our companies such as GAIL, Petronet LNG and IOC are interested in sourcing LNG on a long-term basis from Africa; explore possibilities of equity participati
Statoil has awarded Buksér og Berging a contract for two escort tugboats to service the Kårstø processing plant on behalf of operator Gassco. The deal secures Kårstø new tugboat capacity with innovative technology for more environment-friendly operations. The two escort tugboats will assist the ship
Plans by Ukraine to develop a liquefied natural gas project on Black Sea Coast appear to be slipping, with the lack of interest from investors. Ukraine will delay a project to build LNG terminal, the Kommersant newspaper reported, citing an offical from NAK Naftogaz Ukrainy. Ukraine has recently app
Total has increased its stake in Novatek by finalizing the acquisition of an additional 2% interest in the Russian company for around 800 million dollars. Following this transaction, Total owns a 14.09% of share capital in Novatek. This transaction effective as of yesterday was finalized through the
According to a latest research report by RNCOS, “Indian Natural Gas Sector Analysis”, liquefied petroleum gas (LPG) and compressed natural gas (CNG) are positioning themselves as a future fuel option for both industrial and non industrial sectors in the domestic market. The number of LPG customers i
Taiwan, Asia’s third biggest importer of liquefied natural gas, imported 11,221,877 mt of LNG in January-November period, according to Taiwan’s Bureau of Foreign Trade data. LNG Imports in January-November period rose 8.0%, compared with the same period last year. Taiwan has two LNG import terminals
The RasGas Asclepius liquefied natural gas carrier, with a capacity of 145,000 cubic metres, is due to arrive in the Zeebrugge LNG terminal December 19, according to the Port of Zeebrugge website. The Zeebrugge LNG terminal is situated on a 30ha site in the outer port of Zeebrugge, Belgium. It is op
GDF SUEZ is hosting an investor conference today in Paris. The conference consists of presentations by senior executives of the company, providing insight into GDF SUEZ’ industrial development and large projects. GDF SUEZ’ strategy is based on : speeding up development in fast growing countries stre
The Japan Bank for International Cooperation (JBIC) said today it has signed a $263 million loan agreement with Nippon Oil Exploration (PNG) Pty Ltd., an subsidiary of JX Nippon Oil and Gas Exploration Corp., for the PNG LNG Project in Papua New Guinea. The loan will be provided jointly with the Ban
Centrica plc’s North American subsidiary, Direct Energy, has agreed to acquire a package of liquids-rich natural gas assets located in west central Alberta (the Carrot Creek Assets) from Encana Corporation (Encana) for C$58m (£37m) in cash. As part of the transaction Encana will also receive from Di
