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2017-04-03 18:35:00

SHELL DOUBLE LNG

SHELL DOUBLE LNG

REUTERS - Royal Dutch Shell Plc plans to double the capacity of its liquefied natural gas import facility at Hazira on India's west coast to 10 million tonnes a year, a top company executive said on Friday.

Shell Gas B.V, a unit of Royal Dutch Shell Plc, owns a 74 percent stake in Hazira LNG Ltd, while Total Gaz Electricite France, a unit of France's Total SA, holds the rest.

"We've done all the work, now it's sort of taking a look at when is the right timing in terms of demand that's available," Nitin Prasad, chairman of Shell Companies in India, told Reuters, without giving a timeline for the expansion.

A government panel said in a report in April 2015 that Hazira LNG will look to expand the capacity of its LNG terminal in the western state of Gujarat by 50 percent to 7.5 million tonnes per annum in the fiscal year to March 2017.

Shell on Friday opened a new technology centre in Bengaluru, the capital of the southern state Karnataka. The technology hub, Shell's third in the world, is aimed at expanding the company's research and development activities in Asia.

India aims to raise the share of natural gas in its energy mix to 15 percent in the next three years from about 6.5 percent at present, as it attempts to achieve energy security while keeping pollution levels down.

India's gas imports in April 2016-February 2017 rose 16.4 percent to 22.53 billion cubic metres, according to government data. 

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Earlier: 

RUSSIAN ARCTIC LNG 

U.S. LNG EXPORTS UP 

JAPAN'S LNG UP 

SOUTH KOREA'S LNG DOWN 

INDIA'S LNG DOWN 3% 

IMPORTANT LNG MARKET 

CHINA'S LNG RECORD

 

 

Tags: SHELL, LNG, INDIA, TOTAL

Chronicle:

SHELL DOUBLE LNG
2017, December, 15, 12:50:00

LUKOIL'S PLAN: $50

LUKOIL - The plan is based on the conservative $50 per barrel oil price scenario. Sustainable hydrocarbon production growth is planned in the Upstream business segment along with the growth in the share of high-margin projects in the overall production. In the Downstream business segment, the focus is on the improvement of operating efficiency and selective investment projects targeted at the enhancement of product slate.

SHELL DOUBLE LNG
2017, December, 15, 12:45:00

BP INVESTS TO SOLAR

BP - BP will acquire on completion a 43% equity share in Lightsource for a total consideration of $200 million, paid over three years. The great majority of this investment will fund Lightsource’s worldwide growth pipeline. The company will be renamed Lightsource BP and BP will have two seats on the board of directors.

SHELL DOUBLE LNG
2017, December, 13, 12:40:00

OIL PRICE: ABOVE $64 YET

REUTERS - Brent crude was up 69 cents, or 1.1 percent, at $64.03 a barrel by 0743 GMT. It had settled down $1.35, or 2.1 percent, on Tuesday on a wave of profit-taking after news of a key North Sea pipeline shutdown helped send the global benchmark above $65 for the first time since mid-2015. U.S. West Texas Intermediate crude was up 45 cents, or 0.8 percent, at $57.59 a barrel.

SHELL DOUBLE LNG
2017, December, 13, 12:35:00

RUSSIAN-TURKISH NUCLEAR

ROSATOM - On December 10, 2017, the construction start ceremony took place at the Akkuyu NPP site under a limited construction licence issued by the Turkish Atomic Energy Agency (TAEK). Director General of the ROSATOM Alexey Likhachev, and First Deputy Minister of Energy and Mineral Resources of the Turkish Republic, Fatih Donmez, took part in the ceremony.

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