News

Feb 18, 2013 The Zanaga joint venture (JV) iron-ore project in the Republic of Congo, has reached the feasibility stage, which should be completed by the second quarter of 2014. The feasibility study follows a positive prefeasibility study (PFS) on Zanaga, which was completed in November 2012, and includes the mining convention negotiation process and enivironmental- and social-impact assessment. The PFS, reported in accordance with the Joint Ore Reserves Committee (Jorc) code, has already confirmed sufficient ore reserves ...

Feb 14, 2013 EDF Trading and EXMAR announced their intention to jointly look for small-scale LNG export opportunities in North America using barge-mounted natural gas liquefaction developed by EXMAR, Wison and Black&Veatch. The aim would be to bring mobile, self-contained liquefaction units to LNG import terminals in the US using existing pipeline, tank and jetty infrastructure to enable LNG export. EDF Trading and EXMAR have secured the support of the Wison Group for the provision of turn-key ...

Feb 14, 2013 The State Office for Mining, Energy and Geology of the German region Lower Saxony has issued a permit for the construction of the last line of the NEL gas pipeline, the western branch of the Nord Stream onshore gas pipeline. The route, with a length of 35 kilometers, will start from the town of Tespe and run to the Harmstorf compressor station (in the district of Harburg). Construction of the NEL pipeline began in ...

Feb 14, 2013 Our cooperation with the Shah Deniz II Consortium is ongoing, transparent and very successful. In January we signed a Cooperation Agreement and an Equity Option and Funding Agreement with the Shah Deniz partners. The latter also lays out the principles under which the Equity Option will be exercised, i.e. the Shah Deniz partners will become partners in Nabucco. The Cooperation Agreement in particular emphasizes alignment of project schedules between the Shah Deniz Consortium and ...

Feb 13, 2013 Turkish Prime Minister Tayyip Erdogan said Wednesday that construction of the Trans-Anatolian natural gas pipeline project (TANAP) could begin as early as this year. The Trans-Anatolian Pipeline will enhance Turkey’s position as a leader of energy security in Europe, Turkish Prime Minister Recep Tayyip Erdogan has said. Turkish interests have a 20% shareholding in the project, with the majority share held by SOCAR, Azerbaijan’s state oil and gas company. The 1,240-mile TANAP pipeline is ...

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

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. ...