Thursday, 30 November 2006 11:34
European stock picks highlight LNG
By John McKay
Investment bankers in Europe have tipped Russia’s Gazprom, Norway’s Statoil, France’s Total, and BP and BG Group of the UK as the best medium-term buys for stock market investors in the energy sector, citing their liquefied natural gas activities as a positive sign.
Shares in Gazprom, which is the premium pick of most brokers, have surged to records in the New Year as the Russian natural gas monopoly and future LNG heavy-hitter has forecast a 10 percent rise in annual profits to more than $6 billion.
Investment bankers in Europe have tipped Russia’s Gazprom, Norway’s Statoil, France’s Total, and BP and BG Group of the UK as the best medium-term buys for stock market investors in the energy sector, citing their liquefied natural gas activities as a positive sign.
Shares in Gazprom, which is the premium pick of most brokers, have surged to records in the New Year as the Russian natural gas monopoly and future LNG heavy-hitter has forecast a 10 percent rise in annual profits to more than $6 billion.
Published in
Jan 06
Wednesday, 29 November 2006 17:15
Freeport LNG set to win US race for first new terminal
John McKay reports on the project that will bring imported LNG into Texas for the first time when it is completed in less than a year
Freeport LNG in Texas is winning the race to be the first onshore import terminal to open in the United States in 25 years as its project nears completion.
Imports to the US began with the construction of a terminal in Everett, Massachusetts, in 1971. The last mainland terminal to be constructed was Trunkline LNG’s Lake Charles facility in Louisiana, which was completed in 1982.
Freeport LNG in Texas is winning the race to be the first onshore import terminal to open in the United States in 25 years as its project nears completion.
Imports to the US began with the construction of a terminal in Everett, Massachusetts, in 1971. The last mainland terminal to be constructed was Trunkline LNG’s Lake Charles facility in Louisiana, which was completed in 1982.
Published in
Oct 2006
Wednesday, 08 November 2006 16:37
Liquefaction won’t mean credit where credit’s due
This is the first part in a two-part series covering credit rating analysis of LNG projects worldwide
LNG shipping projects associated with supply chains in countries such as Russia, Nigeria and Indonesia will find investment-grade ratings elusive
Terry A Pratt, New York , Jan Willem Plantagie, Frankfurt, Karim Nassif, London, Michael K Vernier New York
Financing for liquid natural gas shipping projects has the potential to reach investment-grade credit ratings.
The strong global demand for LNG attracts huge investment for construction and operation of LNG liquefaction plants, LNG ships and LNG regasification terminals.
LNG shipping projects associated with supply chains in countries such as Russia, Nigeria and Indonesia will find investment-grade ratings elusive
Terry A Pratt, New York , Jan Willem Plantagie, Frankfurt, Karim Nassif, London, Michael K Vernier New York
Financing for liquid natural gas shipping projects has the potential to reach investment-grade credit ratings.
The strong global demand for LNG attracts huge investment for construction and operation of LNG liquefaction plants, LNG ships and LNG regasification terminals.
Published in
April 2006
Tuesday, 07 November 2006 10:25
Russian LNG finance: Profitable? Probably. Risky? Certainly
Peter Rigby, New York
When Peter the Great traveled through Western Europe in the late 17th century, he relied upon his tremendous personal charm and near 7-foot-tall stature to secure the technical know-how to help him build what would become Russia's first navy.
Some 300 years later, Russia, anxious to join the lucrative global liquefied natural gas trade, hopes to launch a fleet of tankers to deliver Russian LNG to energy-hungry countries in the West and Asia.
It will take more than charisma and compelling economics to initiate this 21st century venture, however. Political risk, opaque legal and business systems, and Russia's short history of contract law and enforcement will distinguish its LNG projects from recent LNG project financings in Qatar, Oman, and Trinidad and Tobago.
When Peter the Great traveled through Western Europe in the late 17th century, he relied upon his tremendous personal charm and near 7-foot-tall stature to secure the technical know-how to help him build what would become Russia's first navy.
Some 300 years later, Russia, anxious to join the lucrative global liquefied natural gas trade, hopes to launch a fleet of tankers to deliver Russian LNG to energy-hungry countries in the West and Asia.
It will take more than charisma and compelling economics to initiate this 21st century venture, however. Political risk, opaque legal and business systems, and Russia's short history of contract law and enforcement will distinguish its LNG projects from recent LNG project financings in Qatar, Oman, and Trinidad and Tobago.
Published in
Jul / Aug 2006
