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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:

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DEWA INVESTS $22 BLN

AOG - The Dubai Electricity & Water Authority (DEWA) is to invest around $22bn on new energy projects across the next five years, with the renewables sector accounting for an increasing share of electricity generation, according to CEO Saeed Mohammed Al Tayer.

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2018, February, 16, 23:10:00

TRANSCANADA NET INCOME $3.0 BLN

TRANSCANADA - TransCanada Corporation (TSX:TRP) (NYSE:TRP) (TransCanada or the Company) announced net income attributable to common shares for fourth quarter 2017 of $861 million or $0.98 per share compared to a net loss of $358 million or $0.43 per share for the same period in 2016. For the year ended December 31, 2017, net income attributable to common shares was $3.0 billion or $3.44 per share compared to net income of $124 million or $0.16 per share in 2016.

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RUSSIAN NUCLEAR FOR CONGO

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U.S. INDUSTRIAL PRODUCTION DOWN 0.1%

FRB - Industrial production edged down 0.1 percent in January following four consecutive monthly increases. Manufacturing production was unchanged in January. Mining output fell 1.0 percent, with all of its major component industries recording declines, while the index for utilities moved up 0.6 percent. At 107.2 percent of its 2012 average, total industrial production was 3.7 percent higher in January than it was a year earlier. Capacity utilization for the industrial sector fell 0.2 percentage point in January to 77.5 percent, a rate that is 2.3 percentage points below its long-run (1972–2017) average.

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