Archive for 'Pipeline'

Trans-Korea gas pipeline project has been brought back on the agenda

The long-planned and much derided Trans-Korea gas pipeline project is back on the agenda, buoyed by hopes North and South Korea can make peace.

If realized, it would be a pipeline dream-come-true for South Korea. Lacking its own energy resources or pipelines to regions with gas, South Korea has been shipping the fuel in on tankers as liquefied natural gas (LNG).

Based on trade data and average LNG prices in 2017, that cost South Korea around $12 billion in 2017. With LNG ...

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Kinder Morgan will sell the Trans Mountain Pipeline Project for c$4.5 billion to the Government of Canada

Kinder Morgan announced that its board of directors has agreed to the purchase of the Trans Mountain Pipeline system and the expansion project (TMEP) by the Government of Canada for C$4.5 billion, and has agreed to work with the Government of Canada to seek a third party buyer for the Trans Mountain Pipeline system and TMEP through July 22, 2018.

As part of the agreement, the Government has agreed to fund the resumption of TMEP planning and construction work by guaranteeing ...

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France to allow private investors to buy into GRTgaz gas grid

France will allow gas utility Engie to sell part of the main French gas grid, GRTgaz, to private investors, according to a planned parliamentary bill, as the government eyes a series of possible privatizations to boost the economy.

The gas grid, which manages most French gas pipelines and storage sites, is currently 75% owned by Engie, with the remaining 25% owned by state investor Caisse des Depots and insurer CNP.

The new law will allow the state-controlled investors to jointly hold only ...

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Construction underway on Baltic Connector pipeline

The start of Baltic Connector’s construction phase was celebrated on 8 June 2018 in Inkoo on the compressor station worksite with the Groundbreaking Ceremony. The event brought together decision makers, constructors, consultants, contractors and other stakeholders who are an important part of the project and have made it possible for the project to progress to the construction phase on schedule.

The Groundbreaking Ceremony was attended also by the European Commission Vice President for Jobs, Growth, Investment and Competitiveness Jyrki Katainen; Minister ...

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Exxon Mobil and Plains partner on a Permian pipeline project

Exxon Mobil and Plains All American Pipeline plan to build a new pipeline that will add 1 MMbpd of takeaway capacity for Permian Basin crude oil and condensate.

The Irving-based oil giant signed a letter of intent with Houston’s PAA to form a joint venture for the project, which would transport oil to from multiple locations in the Permian Basin to the Texas Gulf Coast.

PAA said the proposed common carrier pipeline would be designed to ship more than 1MMbd per day, ...

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Morocco and Nigeria sign gas pipeline project deal

Morocco and Nigeria signed a cooperation agreement to build a gas pipeline across West Africa on the occasion of a two-day official visit by Nigerian President Mohammed Bukhari to Morocco.

Bukhari, who was accompanied by a large delegation on his first official visit to the Kingdom of Morocco, held talks with King Mohammed VI at the royal palace in the capital Rabat.

On Sunday night, the two sides signed three cooperation agreements related to the Morocco-Nigeria gas pipeline, vocational training in agriculture, ...

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Sweden greenlights Russian gas pipeline Nordstream 2

Sweden’s government has approved the Nordstream 2 undersea pipeline project to transport Russian gas to Germany. « National and international law does not permit Sweden to reject the application of a pipeline outside Swedish territory » explained minister for enterprise and innovation, Mikael Damberg in a press conference on Thursday.

Finland and Germany have already approved the project, leaving Denmark as the only country not having accepted the project.

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Azerbaijan launches natural gas pipeline project to Turkey and Europe

Azerbaijani President Ilham Aliyev inaugurated the project Tuesday at the opening ceremony of the 25th Anniversary International Caspian Oil and Gas Exhibition.The Southern Gas Corridor consists of a network of infrastructure projects designed to improve the security and diversity of the EU’s energy supply by bringing natural gas from the Caspian region to Europe.

The Southern Gas Corridor involves projects crossing seven countries, with a total value of about $40 billion. Those include the Shah Deniz 2 development, which involves offshore ...

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