Reliance in East Africa sale
June 1 (LNGJ) - Reliance Industries of India said its energy unit has sold a key African subsidiary to French energy company Total for an undisclosed sum. Total has purchased Mauritius-incorporated Gulf Africa Petroleum Corp. with operations in the East African states of Tanzania, Kenya and Uganda.
Qatar unlikely to lift LNG sendout capacity - bank
Qatar National Bank analysts expect the Emirate's hydrocarbon production and export capacity to "continue plateauing in the medium term", amid rising domestic demand. There's little room for more Qatari volumes beyond the current 77 mtpa, as cargoes have to compete against an upswing in Australian exports and new ventures in North America and east Africa.
ANALYSIS: Bearish gas markets undermine LNG export projects economics
A steady downward trend of European and Asian gas prices is squeezing the economics of liquefaction and export projects as anticipated RoI is revised down along with prices.
