Thursday, 30 November 2006 10:59
KBR sale to test global LNG market
Halliburton, the largest energy services company in the US and a key LNG contractor, will release details in the next couple of weeks about the future of its KBR business.
The company is likely to announce that some parts of the business will be sold off and a separate company is expected to emerge from the engineering and construction unit that could be worth as much as $6 billion.
Halliburton is pushing forward with a plan muted since 2004 to sell KBR to investors as a separate company. It will start the process with a sale to investors in about six months’ time of 20 percent of KBR in an initial public offering.
The company is likely to announce that some parts of the business will be sold off and a separate company is expected to emerge from the engineering and construction unit that could be worth as much as $6 billion.
Halliburton is pushing forward with a plan muted since 2004 to sell KBR to investors as a separate company. It will start the process with a sale to investors in about six months’ time of 20 percent of KBR in an initial public offering.
Published in
Feb 06
Wednesday, 08 November 2006 16:40
Egyptian LNG sets new standard
LNG Journal Middle East Editor
Egyptian LNG turned a natural gas find into a commercial LNG venture in record time as it set an industry benchmark by delivering the first cargo from Egypt just six years after the first gas field discovery.
ELNG is a partnership between the Egyptian Natural Gas Holding Co., the Egyptian General Petroleum Co, BG Group of the UK, Petronas of Malaysia and Gaz de France.
The natural gas liquefaction and export project is located at Idku, in the Nile Delta, 50 kilometres east of the city of Alexandria.
In May 1995, the Egyptian General Petroleum Corp. signed a concession agreement with affiliates of BG and Edison SpA of Italy, giving the two foreign partners the right to explore for hydrocarbons in the Mediterranean deep water, north east of Alexandria.
Egyptian LNG turned a natural gas find into a commercial LNG venture in record time as it set an industry benchmark by delivering the first cargo from Egypt just six years after the first gas field discovery.
ELNG is a partnership between the Egyptian Natural Gas Holding Co., the Egyptian General Petroleum Co, BG Group of the UK, Petronas of Malaysia and Gaz de France.
The natural gas liquefaction and export project is located at Idku, in the Nile Delta, 50 kilometres east of the city of Alexandria.
In May 1995, the Egyptian General Petroleum Corp. signed a concession agreement with affiliates of BG and Edison SpA of Italy, giving the two foreign partners the right to explore for hydrocarbons in the Mediterranean deep water, north east of Alexandria.
Published in
April 2006
Tuesday, 07 November 2006 17:22
Petronet begins work on Dahej terminal expansion, tenders Kochi plant project
David Hayes in Mumbai
Natural gas demand is expected to grow rapidly in India over the next decade as overall energy use surges to keep pace with accelerating economic growth.
Gas will form an important part of the nation’s primary energy mix as part of efforts to develop clean power generation and provide expanding industries with a clean energy solution.
In spite of recent discoveries, indigenous gas reserves are insufficient to meet total demand and LNG and piped gas imports will fill the supply gap.
India currently is planning to build several new LNG import terminals to expand its LNG import programme that by 2012 is expected to account for about 35 percent of total supplies.
Natural gas demand is expected to grow rapidly in India over the next decade as overall energy use surges to keep pace with accelerating economic growth.
Gas will form an important part of the nation’s primary energy mix as part of efforts to develop clean power generation and provide expanding industries with a clean energy solution.
In spite of recent discoveries, indigenous gas reserves are insufficient to meet total demand and LNG and piped gas imports will fill the supply gap.
India currently is planning to build several new LNG import terminals to expand its LNG import programme that by 2012 is expected to account for about 35 percent of total supplies.
Published in
May 2006
