Menu

First Rogun Dam Milestone in Tajikistan

With the completion of a cofferdam, Salini Impregilo has reached its first milestone in the construction of the Rogun hydroelectric dam in Tajikistan, an ambitious $3.9-billion project that will double the Central Asian country’s capacity to produce electricity.

Read more...

QRC backs new Plan but calls for new Power Plant

The Queensland Resources Council (QRC) welcomes policy announcements by the Queensland Government of its Powering Queensland Plan to address the state’s energy needs. This Queensland Plan has been released ahead of the Finkel review due to be released at COAG.

Read more...

Glencore and HNA establish HG Storage International Ltd.

Glencore plc ("Glencore") announced that it has entered into a definitive agreement with HNA Innovation Finance Group Co., Ltd. ("HNA") for HNA to purchase a 51% equity interest in Glencore's petroleum products storage and logistics business for US$775 million, payable in cash upon closing, subject to customary closing adjustments (the "Transaction").

Read more...

Gazprom and BASF address joint Hydrocarbon Production Projects in Russia

A working meeting between Alexey Miller, Chairman of the Gazprom Management Committee, and Kurt Bock, Chairman of the Board of Executive Directors of BASF, took place at the Gazprom headquarters. The parties discussed the joint efforts in the ongoing development of hydrocarbon fields in Russia. It was noted that the total amount of natural gas produced from the Yuzhno-Russkoye field since the start of field development had exceeded 215 billion cubic meters.

Read more...

Japan to diversify LNG Imports

According to recent reports, America is on track to become one of the biggest exporters of LNG, joining the ranks of Australia and Qatar in LNG shipping. Figures show that United States has approximately 70 million tons a year of LNG capacity coming online, in comparison to Australia’s 87 million and Qatar’s 82 million tons of LNG.

Japan, one of the biggest importers of LNG, recently imported its first liquefied shale gas cargo from the United States earlier this year. Sources state that Japanese Prime Minister Shinzo Abe is considering increasing energy imports from the United States, meaning that Japan can start to lessen its dependence on the Middle East for its LNG requirements. 

Read more...

Shell set to inject new Gas into east Coast Market in Australia

The Queensland Resources Council welcomes the announcement of ‘Project Ruby,’ the Shell Australia/QGC joint venture, that will employ hundreds of people, and inject new gas supply into the east coast gas market.

QRC Chief Executive Ian Macfarlane said the announcement was yet another sign that Queensland was getting on with business.

"The ‘Project Ruby’ development in the Surat Basin underpins 350 new and existing jobs, which is good news for the local community, and good news for Queensland’s gas supply,” Mr Macfarlane said. “The QRC is pleased that Queensland is leading the way when it comes to working to address the problem of the east coast gas shortage.”

Up to 161 new wells will be drilled in 2017 and 2018 in QGC’s existing tenements in south-west Queensland.

“This significant milestone for the QGC project is also a vote of confidence in Queensland’s onshore gas industry,” Mr Macfarlane said. “Importantly, this is an investment into regional Queensland, where state and local governments and farmers support the gas industry, resulting in massive economic benefits for local and state governments as well as farmers and rural and regional communities.”

QRC’s current data shows that in 2015-16, our state’s gas industry contributed $12.8 billion in economic contribution and supports 65,000 jobs and the advancement of this project will only mean more revenue and jobs for Queenslanders.

Shell’s QGC business is a net contributor to the domestic gas market and will sell more than 75 petajoules (PJs), net of domestic gas purchases, to customers in Australia this year. This represents more than 10% of east coast gas demand and 40% of Queensland’s demand.

Source: QRC

Read more...
Subscribe to this RSS feed
georesources.net Real PR georesources.net Trust