Looking forward to address the unrelenting issue of gas and energy crisis hampering the textile industry, the All Pakistan Textile Mills Association (APTMA) has come out with short, medium and long-term solutions for addressing the issue. ...
Tags: Gas Crisis, Energy Crisis
The UK's Petrofac has agreed to increase its stake in the Abu Dhabi-based Petrofac Emirates joint venture to 75% from 50% as the remaining state-owned holding is privatized, Petrofac said Thursday. Following both transactions, the ...
Tags: Petrofac Emirates, Chemicals
Singapore's sovereign wealth fund, Temasek, made net investments of S$4 billion ($3.16 billion) in its energy and resources portfolio in the year to March 31, the fund said Thursday. The new investments included acquiring an additional 5% ...
Shell is proceeding with front-end engineering and design work for its proposed LNG import facility in Batangas, Philippines, it said Sunday. The decision comes a year after Shell signed a memorandum of understanding with the Philippines' ...
Tags: Shell, LNG Import
The state-owned Japan Oil, Gas and Metals National Corporation hasdecided this week to provide guarantees of up to 75% of bank loans to new LNGprojects that are deemed to help reduce Japan's import costs for the fuel, aJogmec official said ...
Tags: Metallurgy, Mineral, Energy
Thailand's PTT LNG, a subsidiary of state-owned oil and gas company PTT, is going ahead with plans to double capacity of its existing 5 million mt/year LNG import terminal despite severe under-utilization of the facility. "The government ...
Freeport-McMoRan Energy has missed its deadline and can no longer build an onshore Alabama pipeline to a longer offshore pipeline that would have brought liquefied natural gas from an import terminal in the Gulf of Mexico, the US Federal ...
India's state-owned gas utility GAIL expects to import 34 spot LNG cargoes in fiscal year 2013-14 (April-March), more than double the 16 spot cargoes it imported in the previous year, to meet demand for the Dabhol LNG terminal and make up ...
Tags: Metallurgy, Mineral, Energy, gas
State-owned PetroChina has refuted local reports that it restricted natural gas supplies in some areas of northern China in order to force the government's hand in raising prices and accelerating gas pricing reforms. Local media, ...
Tags: PetroChina, Gas Supplies
China's largest buyer of LNG, China National Offshore Oil Corp., is unlikely to seek additional spot cargoes before August as it has sufficient inventory from its term contracts, said industry sources Friday. A source close to the 2.8 ...
Tags: Spot LNG Cargoes, Chemicals
Sumitomo and Tokyo Gas have concluded a natural gas liquefaction tolling agreement with Dominion Resources and signed heads of agreements to supply LNG from the US company's proposed Cove Point project in Maryland, the Japanese companies ...
Singapore LNG Corp and Malaysia's Petronas Gas are on schedule to begin commercial operations at their new terminals located in Jurong Island and Melaka, respectively, in the second quarter of this year, sources from both companies have ...
Tags: Singapore LNG Corp, LNG shipment, Chemicals
UK natural gas prices for same-day delivery spiked as high as 150 pence/therm ($22.80/MMBtu) early Friday as a key pipeline that carries gas to the country from Continental Europe halted operations against a backdrop of cold weather and low ...
Tags: Gas Market, Interconnector Outage, Chemicals
South Korea's state-run Korea Gas Corp, the world's largest buyer of LNG, said Thursday it imported 34.97 million mt of LNG in 2012, up 2.9% from a year earlier. The state utility said it plans to import 37.90 million mt of LNG in 2013, ...
Pakistan's highest decision making body -- the Economic Coordination Committee -- has failed to take a decision on the award of a multi-billion dollar contract to import 400,000 Mcf/day of LNG over 15 years and has left the matter to the ...
Tags: LNG, Petroleum, Natural Resources