Projects

Gazprom Marketing & Trading Limited and EDF Trading announced an agreement Oct. 20 to swap natural gas between the U.S. and European markets over the next five years.

Once again, international pipeline projects indicate a much higher number of planned pipelines versus actual construction. This is reflected in P&GJ’s latest international survey figures that indicate 85,076 miles of pipelines are under construction.

HOUSTON, April 24, 2009 – Midcontinent Express Pipeline LLC today announced that Phase 1 began interim service on 266 miles of 42-inch pipeline from the interconnects with Houston Pipe Line Company and Natural Gas Pipeline Company of America (NGPL) located near Paris, Texas, to an interconnect with the Columbia Gulf Pipeline near Delhi, La.

(20 April 2009, Pipeline Asia) China National Petroleum Corporation (CNPC) has extended up to $US5 billion in loans to KazMunaiGas to help fund the construction of the Beineu – Bozoi – Akbulak gas pipeline, which will serve southern Kazakhstan, according to local news sources.

(14 April 2009, Pipeline Asia)A gas swap arrangement in Indonesia has been made for delivery of gas from Badak NGL’s Bontang LNG/LPG facility to a Chinese customer of BP’s Tangguh LNG plant.

(14 April 2009, Pipeline Asia) Gazprom Management Committee Chairman Alexey Miller has met with Kazakhstan President Nursultan Nazarbaev to discuss expanding the capacity of the 1,700 km Central Asia–Russia gas pipeline.

(14 April 2009, Pipeline Asia) Cal Dive International has been awarded a contract by a large Chinese oil and gas company for pipe lay work in Bohai Bay.

The European Investment Bank's dedicated arm for the Mediterranean region has just announced a major pipeline-related financing transaction.

State oil company Saudi Aramco plans to spend $60 billion on oil and gas projects through 2014.

China National Petroleum Corporation (CNPC) will invest more than $US14.6 billion in a third West-East natural gas pipeline, China Petroleum Pipeline Bureau chief consultant Shifeng Su said.

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