The Parchin pressure booster station has been established at the cost of 1.4 trillion rials, managing director of the National Iranian Gas Company (NIGC), Javad Owji announced. According to the report of the public relations of the NIGC, the launch of this gas facility provides the stability of gas
Gazprom Marketing & Trading Singapore and Tasweeq have signed an agreement, under which, GM&T Singapore will purchase significant volumes of LPG from Tasweeq, Qatar’s International Petroleum Marketing Company Limited. The deal was signed by Arthur Tait, President and Managing Director, GM&T Singapor
Dana Gas PJSC, the Middle East’s first and largest private sector natural gas company, announced the detailed terms, conditions and implementation information for the refinancing transaction in relation to its US$1 billion 7.5% Sukuk-al-Mudarabah due 31 October 2012. Key Transaction Highlights: Lock
Qatar’s liquefied natural gas (LNG) boom has been phenomenal, according to a report from QNB Group. Through the 1990s and 2000s Qatar invested heavily in LNG production, with exports beginning in late 1996. Ten years later, Qatar was the world’s largest exporter and in 2011 it exported 76m tonnes of
More than 400 Iranian companies are taking part in the development of the South Pars gas field through supplying equipment to related projects, the Shana News Agency quoted South Pars Gas Company’s managing director Ali-Akbar Shabanpour as saying. He added that the company has placed the priority on
Take-or-Pay agreement for the supply of natural gas over 15 years or up until the contracted quantity has been utilized (with an option to extend for an additional two years), was signed by the Tamar Partners with Alon Gat Energy Center LP. The agreement is for the supply of up to a total quantity o
Turkey will continue to import natural gas from Iran despite tighter U.S. sanctions, Turkish Prime Minister Tayyip Erdogan said. “We have always told officials that the issue is of strategic importance to us and we couldn’t comply with the sanctions,” Erdogan told a joint news conference with Russia
Gulf LPG Transport Company, a Qatari liquefied petroleum gas (LPG) shipping company owned jointly by Milaha and Nakilat, has secured financing amounting to US$200m from Qatar National Bank (QNB) in a deal brokered by Nakilat, Qatar’s premier gas transporter. The transaction was completed with attrac
Yemen LNG said it has appointed Randy Ray as Finance Manager effective 1st January 2013. Ray will replace Kevin Gardner who has served as Finance Manager since April 2005. [mappress] LNG World News Staff, December 6, 2012
DNV awarded the ISRS rating to Yemen LNG after an audit of the company’s business processes, Yemen LNG said in a statement. The DNV rating confirms the excellence of Yemen LNG organization at the highest international standards, the company said. ISRS is a world leading system to assess, improve and
Yemeni authorities and business community bid farewell to the Yemen LNG General Manager Francois Rafin and welcomed successor Jacques Azibert at a luncheon on 4th of December. Jacques Azibert will take over from Francois Rafin on 1st January 2013. The event was attended by the shareholders of Yemen
Qatar Petroleum (QP) and the World Bank-led Global Gas Flaring Reduction (GGFR) partnership agreed to extend their cooperation in reducing the flaring of gas associated with oil and gas production as a concrete contribution to improving energy efficiency and mitigating climate change. High-level rep
Qatargas has delivered a paper titled ‘Natural Gas for a Global Sustainable Energy Future’ at an LNG symposium conducted by the International Gas Union (IGU) on the sidelines of the COP 18 conference being held in Doha. The paper showcased Qatargas’ role in providing a sustainable energy mix to over
Rating agency Standard & Poor’s (S&P) has reaffirmed Nakilat Inc.’s AA- rating with a stable outlook. Strong experience in managing liquefied natural gas (LNG) shipping, a reliable operating track record since delivery of its first LNG vessel in August 2008, and improving profitability were among th
