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2014-03-20 08:03:00

MARUBENI AGREE

MARUBENI AGREE

WO. Marubeni has reached agreement wi th GDF SUEZ on participation in the offshore LNG receiving terminal project in Uruguay for providing the LNG receiving, storage and regasification service project which GDF SUEZ, through its affiliate International Power (Belgium , IPSA ) has been developing, and has executed the Shareholders Agreement. Through the company (Holding Company) incorporated in Spai n by Marubeni and IPSA on a 50/50 basis , Marubeni and IPSA participate in GNLS incorporated in Uruguay as a wholly -owned subsidiary of the Holding Company. This project consists of the construction of one of the world’s largest Floating Storage and Regasification Units (FSRU) about 2km offshore in the LaPlata River near Montevideo and providing the LNG receiving, storage and regasification service for a period of 15 years from the commencement of commercial operation of the said FSRU. The Terminal Usage Agreement was executed on October 1, 2013 between GNLS and Gas Sayago created by National Administration of Power Generation (UTE) and Transmission and National Administration of Fuels , Alcohol and Portland Cement (ANCAP) on a 50/50 basis. It is scheduled to commence commercial operation of the initial phase in July 2015.

This is the first offshore LNG receiving terminal project in Uruguay and is also the first time in the world for not only Marubeni but also Japanese com panies to participate in a project of this kind. Beginning with this Project, Marubeni aims for global expansion in the business area of offshore LNG receiving terminal projects in the future.

Tags: MARUBRNI, URUGUAY, LNG

Chronicle:

MARUBENI AGREE
2018, October, 17, 10:05:00

U.S. IN EUROPE

REUTERS - The United States must not determine European energy policy or decide whether Germany buys Russian gas, a top German diplomat said on Tuesday.

MARUBENI AGREE
2018, October, 17, 10:00:00

TOTAL IN RUSSIA: THE LARGEST

FT - “Total has great ambition in this country, we want to be the largest foreign oil and gas player here,” the company’s chief executive Patrick Pouyanné said on Monday at the launch of a factory outside Moscow. 

MARUBENI AGREE
2018, October, 17, 09:55:00

PETROBRAS - CNPC COOPERATION

PLATTS - Petrobras is to form two joint venture companies with China National Petroleum Corp. (CNPC) to complete construction of a refinery and revitalize four mature fields in the offshore Campos Basin, the state-owned Brazilian company said

MARUBENI AGREE
2018, October, 17, 09:50:00

NORWAY'S DEFENCE

BLOOMBERG - The wealth fund’s initial case had focused on limiting Norway’s exposure to a drop in oil prices, given its status as western Europe’s biggest petroleum producer. When the proposal was first made last year, it rocked markets, and drew responses from a number of major investors.

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