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Pipelines

Nord Stream to approach debt market in 2014

A mooted extension of the Nord Stream pipeline looks to be gathering pace, with a bank approach possible in 2014.

21 December 2012
Pipelines

Debt refinancing closed for Australian pipeline project

The Dampier Bunbury Pipeline company has closed a A$170 million debt refinancing with local bank ANZ to pay down the existing facilities used to finance the scheme.

21 December 2012
Gas to Power

Debt secured for Mexican power plant and compressor station projects

US-based energy company InterGen has reached financial close on a $217 million project finance facility to fund development of a 205 megawatt gas-fired power station in Guanajuato, Mexico and a separate $118 million facility for a compressor station.

21 December 2012
Pipelines

Transneft to replace 1,000 km of pipe every year

Transneft will replace 1,000 km of oil and gas pipelines every year until 2020, the company said

20 December 2012
Storage

Storage withdrawals hit new record

Gas withdrawals from underground storage facilities in Russia hit a new record of 652.6 million cubic metres on 18 December, according to data published on Friday.

20 December 2012
Gas to Power

Sichuan breaks ground on first large-scale gas power project

Construction began on Sichuan province’s first large-scale gas-fired power station last week, but analysts warned the high price of feedstock gas means the $800 million project may struggle to turn a profit.

20 December 2012
Gas to Power

Tanzania Electricity Supply Co.'s request to raise tariff rates rejected

The Tanzania Electricity Supply Co.’s (Tanesco’s) request to increase electricity tariff rates by 81.27% has been rejected after Spanish consultancy AF Mercados said a hike of only 29.49% could be justified, East African Business Week reported.

19 December 2012
Gas to Power

Israel expects first LNG delivery in January

Israel’s floating storage and regasification unit should be ready to receive LNG within the next week or two, a month after it was due to go online, a spokesperson for Israel Natural Gas Lines told Interfax on Wednesday.

19 December 2012
Pipelines

South Stream faces complex, but resolvable problems – Chizhov

The South Stream gas pipeline project is progressing, but the consortium constructing it faces some complicated tasks, Russia’s Permanent Representative to the EU Vladimir Chizhov has told Interfax.

19 December 2012
Gas to Power

Gazprom to supply TGK 9 with RUB 70 bln worth of gas

TGK-9 and Gazprom Mezhregiongas Perm have signed a contract for RUB 70.2 billion worth of gas to be supplied to the generating company, TGK-9 said in a statement on Wednesday.

19 December 2012
Gas to Power

Second new gas-fired plant announced for Poland

Polish state gas company PGNiG announced on Wednesday that it is planning to develop a new gas-fired power plant, just over two weeks after breaking ground at a similar scheme in Stalowa Wola.

19 December 2012
Storage

TAQA sells 3 TWh of long-term storage capacity for Bergermeer

TAQA has announced it has completed its 2012 open season with the sale of 3 TWh of long-term storage capacity for its Bergermeer facility.

18 December 2012
Gas to Power

E.on Energy Projects, Wingas building CCHP

E.On Energy Projects and Wingas are building a highly efficient combined heat and power plant at the landing terminal of the Nord Stream Baltic Sea Pipeline in Lubmin near Greifswald in Germany

18 December 2012
Pipelines

Yemen LNG pipeline blown up

The gas pipeline that supplies the 6.7 mtpa Yemen LNG plant in the Gulf of Aden was blown up again on Sunday.

17 December 2012
Gas to Power

Turkey inches towards energy market liberalisation with sale of BEDAS – report

Turkey’s largest regional power distribution company, Bogaziçi Electricity Distribution, has been sold to a consortium of three construction companies – Cengiz-Kolin-Limak Ortak Girisim Grubu – for $1.96 billion, the Financial Times reported on Sunday.

17 December 2012
Gas to Power

Nanshan Power to sign gas purchase contract with CNOOC

Shenzhen Nanshan Power announced on Saturday that it plans to sign a contract to purchase LNG from China National Offshore Oil Corp.’s subsidiary in Guangdong province for the next five years.

17 December 2012
Pipelines

Bulgarian and Serbian PMs agree EU-backed interconnector deal

The prime ministers of Bulgaria and Serbia have signed an agreement to build a gas pipeline between their two national networks during a summit in Brussels, as part of a strategy to mitigate the impact of supply disruptions.

17 December 2012
Pipelines

Uzbekistan to spend $3 bln worth of foreign investment in 2013

Uzbekistan plans to spend $3.017 billion worth of foreign investment on 151 projects next year, a source in government circles has told Interfax.

14 December 2012
Gas to Power

CLP fails to blunt criticism over tariff hikes

Hong Kong’s largest utility continues to face scrutiny over its plans to increase its gas mix, despite a lower-than-expected tariff hike for next year.

14 December 2012
Gas to Power

Brazil seeks to slash prices

Finance minister Guido Mantega said that the shale glut in the United States had brought down global gas prices, which made the need for action in Brazil more urgent.

13 December 2012

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