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PetroChina signed a joint venture agreement with Singapore's Pacific Oil & Gas and China's Jiangsu Guoxin Investment Group for the Jiangsu LNG project, an import terminal planned to be built on the Rudong Island in eastern China.
Pacific Oil & Gas as part of the RGM Group is only the second foreign company following BP of UK to have shares in a Chinese LNG Terminal.
PetroChina said that the project was already running and that the terminal was planned to start operation at the end of 2011.
The LNG import terminal GATE in Rotterdam which is a joint venture between Dutch GASUNIE and storage venture VOPAK, gas signed a financing agreement of Euro 136 mio. with the European Investment Bank EIB and eight other European banks.
GATE LNG will serve as LNG entry terminal for Euopean importers including Germany's E.ON Ruhrgas, Denmark´s DONG Energy, Austrian ECONGAS and Dutch ESSENT.
This latest financing package is needed for the planned expansion plans to rise the capacity of the terminal from 12 Bcm to 15 Bcm. The terminal is planned to be fully operational in 2011.
The participating banks are : Bayerische Landesbank, Calyon of France, DNB Nor Bank, Fortis, ING, Rabobank, RBS and Svenska Handelsbanken.
Of the 6 LNG - super trains of 7.8 MTPA each presently being under construction in Qatar by Qatar Gas and Ras-Gas, three will be put in operation in 2009 and the remaining three will start production in 2010. At the end of 2010 Qatar's total LNG production will go up to 77 MTPA.
The first super-train ( Train No. 4 ) will now start production at the end of March 2009 with export destination to the South Hook terminal in the UK,which will be the start of the QatarPetroleum/ExxonMobil project called " Energy Bridge " to Europe.
Indian natural gas importer Petronet LNG is urging its plan to build an LNG import terminal in Kochi. The 2.5 m tonnes import terminal and regasification plant is estimated to need 630 m $ investment. " The project will be executed with a debt-equity ratio of 30 : 70 " said Petronet officials.
The concession agreement between Petronet LNG and the Cochon Port Trust for the import terminal was signed last week, following the cabinet clearance from end of February.
The Kochi LNG import terminal would be the second to be constructed in India by Petronet after the 5 m tpa terminal in Dahej on the Gujarat coast.
The Kochi terminal is planned to go in operation in the first quarter of 2012.
