Feb 11, 2013 Iran, Iraq, and Syria are working together on a gas pipeline project that will transport gas from the South Pars Field in Assalouyeh, Iran to Damascus via Iraq. Fars Press Agency announced the 1,6000 kilometer pipeline
Continue Reading ?Jan 30, 2013 Kinder Morgan Energy Partners and Copano Energy announced a definitive agreement whereby KMP will acquire all of Copano’s outstanding units for a total purchase price of approximately $5 billion. The transaction is expected to close in the third quarter of 2013. Copano, a midstream natural gas company with operations primarily in Texas, Oklahoma and Wyoming, provides comprehensive services to natural gas producers, including natural gas gathering, processing, treating and natural gas liquids fractionation. Copano owns ...
Continue Reading ?Jan 29, 2013 Gazprom said it will invest $16.9 billion expanding its pipelines to take gas to southeastern Europe via the South Stream link, piling further costs onto a project aimed at bypassing traditional transit countries Ukraine and Belarus. The investment in Russia’s domestic pipeline network, revealed in a document posted on Gazprom’s website, will bring the total cost of the project aimed at shipping 63 Bcm of gas under the Black Sea by 2018 to $3 8.4 billion. ...
Continue Reading ?Jan 29, 2013 Plans for BP to begin drilling for oil and gas in Liby a are in serious doubt in the aftermath of the terrorist attack on its gas production plant in neighboring Algeria. A BP spokesman said: « We were due to drill in the second half of this year but we are now reviewing that as a result of the situations in Algeria and Benghazi. » BP signed a $900 million exploration and production agreement with ...
Continue Reading ?Jan 29, 2013 A Royal Dutch Shell unit struck a deal with a Kinder Morgan Inc company to export liquefied natural gas out of an existing import terminal near Savannah, Ga., the companies said Monday. The move, which comes in the wake of a recent report commissioned by the U.S. Department of Energy that came out in favor of LNG exports, is the latest among major energy companies seeking to capitalize on North America’s the newly found abundance ...
Continue Reading ?Jan 29, 2013 A discovery made last year by BHP Billiton and Apache off the coast of Western Australia state could contain around 500 Bcf of natural gas. Although significant, a resource of this size wouldn’t be large enough to support construction of a standalone LNG, export terminal on the coast. LNG terminals typically require at least 3 -4 Tcf of natural gas to be economically viable. The discovery , however, could be combined with others nearby to ...
Continue Reading ?Jan 21, 2013 Fluxys Belgium acquired Fluxys & Co from Distrigas in 2008. The company commercialized border-to-border transmission capacity in the Zeebrugge-Blaregnies (Troll) and Zeebrugge-Zelzate/Eynatten (VTN) pipelines. Fluxys & Co also held a 49% stake in the Norwegian partnership Patrederiet BW Gas Fluxys DA, which owns the LNG carrier BW GDF SUEZ Boston. After the acquisition, Fluxys Belgium integrated the transmission activities in the Troll and VTN pipelines into its own infrastructure portfolio. As a result, the stake in ...
Continue Reading ?Jan 21, 2013 BP may be forced to reconsider further gas exploration in North Africa as a result of the hostage crisis at the Algerian natural gas facility that it jointly operates. While it is unlikely that BP will scale back operations in Algeria, further expansion across the region will need careful consideration, owing to the threat from al Qaeda in the Islamic Maghreb. The Algerians are very security conscious, and they have to be. They have a massive ...
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