News

Unocal signs $US230 million gas deal in Bangladesh

The agreement stipulates Unocal’s initial minimum production volume as 200 million cubic feet of gas per day from late 2006. At the end of 2008, minimum production sales volumes increase to 400
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Petronet LNG to hire three more LNG tankers

The energy group has offered global tenders for time-chartering three tankers as well as for engineering, procurement and construction contracts for the expansion of the Dahej and Kochi terminals. The
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Indian Government to raise natural gas prices

The price of natural gas will rise from Rs 2,850 ($US63.06) per thousand cubic metres (tcm) to a fixed priced of Rs 3,200 ($US70.80) per tcm for fertiliser plants and Rs 3,600 ($US79.65) per tcm for power
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Otway Gas Plant Construction awarded to Vetco Aibel

The plant is part of the Otway Gas project which involves the development of the Thylacine and Geographe gas fields, located offshore south western Victoria. Woodside is the operator of the project which
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GasNet initiates strategic review

The Australian Financial Review has reported that there is speculation that GasNet may put itself up for sale, essentially by encouraging a takeover. It stated that the company’s preference is to
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Sakhalin Energy signs LNG deal with Tokyo Electric

Commencing at the end of 2007, Japan’s largest power company, Tokyo Electric will purchase 1.5 million tonnes of LNG per annum for 22 years. This follows a similar agreement signed in May 2003 for
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