Saudi Aramco shares surge to top limit in stock exchange debut amid LNG trading ambitions
Shares in Saudi Aramco, the oil company of Saudi Arabia, surged in their debut on the Saudi Tadawul stock exchange, reaching a 10 percent daily limit for the company that has expressed interests in LNG trading and investment.
Japanese utility JERA takes stake in Bangladesh power company and owner of LNG terminal
JERA Co. Inc., the biggest Japanese utility and liquefied natural gas procurement company, said it acquired 22 percent of the outstanding shares in Summit Power International, a generating group operating in Bangladesh and owner of the Asian nation’s second floating LNG import terminal.
South Africa plans first LNG terminal backed by World Bank body that helped Bangladesh
South Africa plans to launch a tender in 2020 for its first LNG import terminal north of Durban at Richards Bay in a project partly-funded by a unit of the World Bank that usually helps under-developed nations lIke Bangladesh rather than commodities-rich countries.
