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Posts Tagged ‘pipeline’

Russia-China oil pipeline opens

The first oil pipeline linking the world’s biggest oil producer, Russia, and the world’s biggest consumer of energy, China, has begun operating. The pipeline, running between Siberia and the northeastern Chinese city of Daqing, will allow a rapid increase in oil exports between the two countries.

Russia, Greece to talk Burgas-Alexandroupolis pipeline

Russia and Greece will hold talks to work out a joint position on the Burgas-Alexandroupolis oil pipeline project before the end of the year. This is according to Russia’s Energy Minister Sergei Shmatko, RIA Novosti reported.

Gazprom may join TAPI pipeline

Russian gas giant Gazprom may participate in a consortium to build the trans-Afghanistan (TAPI) gas pipeline, RIA Novosti reports. The pipeline will transfer Turkmen gas to Pakistan and India. Deputy Prime Minister Igor Sechin said on Friday.

Singapore Exchange has a good pipeline of IPOs, Bocker says

Singapore Exchange, operator of the city’s derivatives and securities exchange, has a good pipeline of initial public offerings, Chief Executive Officer Magnus Bocker said.

The successful listing of Global Logistics Properties should help promote Singapore as a listing destination, Bocker said.

 
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Anwell +11.6%; Over $400m revenue in pipeline

Anwell Technologies (G5X.SG) gaps up at opening, last +11.6% at 5-month high of $0.625 on above-average volume, as company secures order from unnamed solar panel developer, says Dow Jones.

Supplier of manufacturing equipment for solar, optical media industries expects 3-year contract to generate combined revenue of more than U$300 million, or HK$2.33 billion. Anwell’s FY09 revenue merely HK$828 million ($142 million). First shipment due to be delivered to customer this month.

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“Chinese pipeline before South Stream”

Russian energy giant Gazprom may build a gas pipeline from Russia to China before it implements the South Stream project. The Altai pipeline is expected to be launched between 2015 and 2018, while the launch of South Stream is not planned until 2015-2024, Vedomosti business daily said, citing the latest draft of a gas sector development plan through 2030.

Deadly blast hits Turkey oil pipeline

An explosion has hit an oil pipeline in south-east Turkey, killing two people and wounded one other, reports say. The Kurdish separatist group, the PKK, is suspected to have detonated a mine next to the pipeline, the semi-official Anatolia news agency reported.

Gazprom: South Stream construction to begin 2013

The practical realization of the South Stream gas pipeline will begin in 2013, according to the President of the Gazprom Board of Directors Alexey Miller. He said that the pipeline would be completed by the end of 2015 at the latest.

Pak snubs US over Iran gas pipeline deal


MULTAN/ISLAMABAD – Foreign Minister Shah Mahmood Qureshi hoped on Sunday that the curbs being imposed on Iran would not affect Pak-Iran gas pipeline agreement.
Rejecting concerns over the gas line project, the Foreign Minister, while addressing a news conference here at Multan Airport, said that the agreement was the need of Pakistan in view of loadshedding and energy crisis. “But delivering any final statement on this issue will be premature. We want this agreement to sustain. We have to look after our interest but at the same time we don’t want to violate international laws,” he added.
He said US special representative for Pakistan and Afghanistan Richard Holbrooke was also asked the question on the same issue but he kept mum as the American team was not clear whether or not this agreement came under UN sanctions.
Meanwhile, US Special Envoy to Afghanistan and Pakistan Richard Holbrooke has asked Pakistan to wait for the upcoming US legislation for the imposition of new and stricter sanctions over the energy companies of Iran, just hours after his remarks that US has nothing to do with Pakistan-Iran gas pipeline deal.
On Saturday, during a press briefing jointly addressed by Holbrook and Foreign Minister Shah Mahmood Qureshi, the US Envoy uttered that his country had no objections to recently signed Pakistan-Iran Gas Pipeline project. However, a day later, Holbrook took a U-turn from his earlier statement and warned that Pakistan gas pipeline deal with Iran could be banned by the US in the days to come.
“We cautioned the Pakistanis to try to see what the (Congressional) legislation is before deciding how to proceed because it would be a disaster if … we had a situation develop where an agreement was reached which then triggered something under the law,” said Holbrooke on Sunday.
However, PakistanÂ’s Foreign Office Spokesman Abdul Basit while setting aside HolbrookÂ’s twisting remarks said that the gas deal would not be affected and Pakistan would go ahead with the deal to meet its energy needs.
Basit told this correspondent that the oil and gas sectors were not a part of UN sanction over Iran. However, he said that the sanctions imposed on Iran were imposed by the Security Council, and that Pakistan would respect the sanctions.
Following the recent statement, foreign policy expert opined on Sunday that it seemed as if Pakistan had not talked to US about gas deal with Iran formally.
The statement given by Holbrook was a clear indication that the US was not happy with that deal and did not want Pakistan to pursue it, said some foreign policy experts when contacted.
On the other hand, Foreign Minister Shah Mahmood Qureshi answering another question in Multan, said no discussion was held on installation of reactors by China during his meeting with Holbrooke. He suggested to the journalists to go through a ‘short but comprehensive’ statement issued by Chinese Foreign Office on this issue.
According to Foreign Minister Shah Mahmood Qureshi, American government has permitted import of Pakistani mangoes to US. He anticipated that Multan would become hub of mango export in coming years as mango pulp plant had been installed in industrial estate while an international airport was also being constructed.
Answering yet another question on Benazir murder case, he said it was a matter of utmost national importance and no one could neglect it. “But we don’t want to commit witch hunting. We want to do justice. We need efforts at national level besides international assistance to resolve this case,” he added. He said that the investigation was underway and still many persons were to be questioned.
To a query on Kerry-Lugar Bill, he said the payment of installments from US had begun under five-year programme and the focus areas for spending this aid were energy, health, education, women empowerment and social sector. “We have identified projects and ideas besides deciding as to how much and in which sector funds will be spent every year,” he added. He stated that a review meeting was convened in Islamabad during which the heads of all departments were given opportunity to engage with American delegation. “We’ve planned to hold 11 sectoral engagements out of which seven are held while the rest of four will be completed till July 9. We’ll compile the outcome of this engagement in form a dossier and send it to US foreign secretary Hillary Clinton,” he said. He said Ms Clinton was due in Pakistan in July and the final decision on to-be-executed projects would be made with her consultation.
According to him, the Indian foreign secretary is coming to Pakistan on June 24 to hold meeting with her Pakistani counterpart Salman Bashir. “The motive behind this exercise is to chalk out initial sketch of upcoming July 15 meeting between Pakistani and Indian Foreign ministers,” he added. He further disclosed to the mediamen that Indian interior minister Chidambram plans to visit Pakistan on June 25 during which he would call on his counterpart besides holding meeting with him (Shah Mahmood). He said that both the sides wanted to raise some issues. “Pakistan needn’t get defensive. We’ve terrorism issue to rise with India. We’ll present our viewpoint strongly. We’ll also talk on water issue,” he said.
He asked the nation not to pin hopes with upcoming meetings with Indian officials and adopt a realistic approach. He said trust deficit existed on both the sides-Pakistan and India. He said the upcoming meetings would play important role in bridging the existing gap. He said normalcy in relations with India was in favour of Pakistan. “If we get relief on eastern front, we’ll be able to focus on western border,” he added. He said the situation vis-a-vis western border affected national economy and it forced the government to impose a cut on public service and development fund and spend it on security issues.
Answering a question on Kyrgyzstan crisis, he said the foreign office took immediate steps on the direction of president and prime minister and evacuated all the students from there in 24 hours. He thanked Kyrgyz government and Pakistan Air Force for their cooperation in evacuation of students. He said the future of evacuated students was safe and steps would be taken for them after consulting their parents.
Referring to a report compiled by a professor of London School of Economics on ISI-Taliban links, he described it rubbish. He said the British and American governments, US State department and Gen Petraeus had also rejected this report.
Agencies add: Pakistan should be wary of committing to an Iran-Pakistan natural gas pipeline because anticipated US sanctions on Iran could hit Pakistani companies, the US special representative to the region said on Sunday.
Talking to reporters on Sunday, the US special representative flip-flopped on his earlier statement, warning Pakistan against signing the gas pipeline deal with Iran.
“Pakistan has an obvious, major energy problem and we are sympathetic to that, but in regards to a specific project, legislation is being prepared that may apply to the project,” he said, referring to the pipeline. “We caution the Pakistanis not to over-commit themselves until we know the legislation.”
Pakistan is plagued by chronic electricity shortages that have led to mass demonstrations and battered the government.
US Senator Joseph Lieberman said last week he expects Congress to finish shortly legislation tightening US sanctions on Iran that will include provisions affecting the supply of refined petroleum products to Tehran, and add to sanctions on its financial sector.
Lieberman, an independent, is a member of a House-Senate committee of negotiators working on final details of the bill and said it could pass by July 4.
The $7.6 billion natural gas pipeline deal, signed in March, doesnÂ’t directly deal with refined petroleum products and was hailed in both Iran and Pakistan as highly beneficial.
The US has so far been muted in its criticism of the deal, balancing its need to support Pakistan, a vital but unstable ally in the global war against al-Qaeda, with its desire to isolate Iran.
But the legislation could be comprehensive enough to have major implications for Pakistani companies, Holbrooke said.
“We caution Pakistan to wait and see what the legislation is.”
Iran and Pakistan last week formally signed an export deal, which commits Iran to selling natural gas to its eastern neighbour from 2014.
Iran has already constructed 907 kilometres of the pipeline between Asalooyeh, in southern Iran, and Iranshahr, which will carry natural gas from IranÂ’s giant South Pars field.
The pipeline was originally planned to connect Iran, Pakistan and India, but the latter pulled out of the project last year.
Pakistan plans to use the gas purchased from Iran for its power sector.
This was HolbrookeÂ’s tenth trip to Pakistan since President Barack Obama appointed him special representative to the region. His visit followed a series of working groups this week that are part of the US-Pakistan strategic dialogue, which both countries say will lay the groundwork for a new relationship.
Afghanistan was on the agenda in meetings with the Pakistani leadership, Holbrooke said, including talks on a Pakistani role in talks between the Afghan Taliban and the Kabul government.
But the United States would not support Pakistan pushing the Haqqani network, one of the strongest factions of the Afghan insurgency and mostly based in PakistanÂ’s North Waziristan, into talks with Kabul as Washington sees the group as intransigent, brutal and too tightly allied with al-Qaeda.
The United States has said any groups wishing to lay down their weapons must renounce al-Qaeda and agree to participate peacefully in the Afghan political process.
“It’s just hard to see that happening,” Holbrooke said of the Haqqani network.
Holbrooke acknowledged that Pakistan was trying to fight the Haqqani network in North Waziristan.
“The Pakistanis are trying to deal with this problem, they are well aware of it and even in the area in North Waziristan there is some activity going on, but there is a lot more that could be done if the resources were available.”
Regardless of what happens in Afghanistan, he said, the United States would remain engaged with Pakistan.
“Pakistan matters in and of itself. Whatever happens in Afghanistan, the US cannot turn away from Pakistan again,” he said. “We are not going to repeat the mistakes that occurred – at least not on our watch – of the last 20 years.”

Pakistan, Iran sign ‘peace pipeline’ deal


TEHRAN (AFP/Reuters) – Iran and Pakistan formally signed on Sunday an export deal which commits the Islamic republic to supplying its eastern neighbour with natural gas from 2014.
The contract is the latest step in completing a $7 billion “peace pipeline” deal between Iran and Pakistan within the next four years.
“This is a happy day,” Iran’s Deputy Oil Minister Javad Ouji told reporters at the contract signing ceremony in Tehran.
“After decades of negotiations, we are witnessing today the execution of the agreement… to export more than 21 million cubic metres (742 million cubic feet) of natural gas daily from 2014 to Pakistan,” he added. He said that from Monday, Iran will start building the next 300-kilometre leg of the pipeline from the southeastern city of Iranshahr to the Pakistani border, through the Iranian port of Chabahar.
Iran has already constructed 907 kilometres of the pipeline between Asalooyeh, in southern Iran, and Iranshahr, which will carry natural gas from IranÂ’s giant South Pars field.
PakistanÂ’s Deputy Energy Minister Kamran Lashari, who was present at the signing ceremony, said that Islamabad will conduct a one-year feasibility study for building its section of the pipeline.
It will then “take three years for constructing the 700-kilometre pipeline” from the Iranian border to the Pakistani city of Nawabshah, he added.
Pakistan plans to use the gas purchased from Iran for its power sector.
Ouji said that Iran, which has the second largest gas reserves in the world, currently produces 600 million cubic metres of natural gas, of which 430 to 440 million cubic metres is consumed domestically.
It plans to raise output to 900 million cubic metres over the next three years with the expansion of South Pars and hopes to further hike it to 1,100 million cubic metres by 2015.
Dubbed the “peace pipeline,” the project has been planned since the 1990s and originally would have extended from Pakistan to India. But New Delhi pulled out of the project last year.
The United States has tried to discourage India and Pakistan from any deal with Iran because of TehranÂ’s disputed nuclear programme, which the West fears is a cover to build bombs.
Iran, hit by a fourth round of UN sanctions on Wednesday over its refusal to suspend its uranium enrichment activities, denies any such ambitions.

Russians warn Bulgaria about pipeline

Construction of the Burgas-Alexandroupolis oil pipeline may be suspended if Bulgaria makes no decision on how to develop the project before autumn 2010. This is according to RIA Novosti, which quoted Russuan Energy Minister Sergei Shmatko.

Medvedev on South Stream pipeline

Russian President Dmitry Medvedev expressed confidence at the Russia-EU summit that South Stream gas pipeline could turn into a trans-European energy network. “Of late we’ve already reached good results,” the president said adding that Moscow “consecutively diversified oil and gas supply routes.”

Miller promises fast construction of South Stream

Deputy Chairman of the Gazprom Board of Directors, Alexey Miller, said that the South Stream pipeline would be built by the end of 2015.

He said that it would be built as quickly as the North Stream pipeline. Work began officially on the pipeline on Friday.

Construction of N. Stream gas pipeline begins

Russian President Dmitry Medvedev attended a ceremony near the Finnish border to celebrate the beginning of construction work on the Nord Stream gas pipeline. The 7.4-billion-euro (9.9 billion dollars) pipeline will from 2011 transport Russian gas to Europe, which the European Union hopes will help to ensure the bloc’s future energy security.

Dont do deals with Iran: US tells India, Pakistan

The United States is “encouraging” India and Pakistan to not conduct transactions like their gas pipeline with Iran at a time when it’s engaged in sensitive negotiations with Tehran over its nuclear programme.
The US “has encouraged our friends in the government of Pakistan to try to seek alternatives,” Assistant Secretary Of State For South And [...]

Nord Stream secures funding for Baltic pipeline

Nord Stream has secured 3.9 billion euros in financing allowing it to start building a pipeline to pump Russian natural gas to Europe under the Baltic Sea. The Financial Times reported on Tuesday that the funds will come from 26 banks with loan guarantees secured for 80% of the financing from the Italian and German credit agencies Sace and Hermes.

Gazprom and RS reach agreement on gas pipeline

The Republic of Srpska (RS) and Gazpromneft have reached a deal regarding the construction of a line of the South Stream gas pipeline coming from Serbia. The route of the pipeline will go from Serbia to the RS and then into the Federation of Bosnia-Herzegovina as well.

Putin launches first section of Pacific oil pipeline

Russian Prime Minister Vladimir Putin on Monday launched the first section of the Eastern Siberia-Pacific Ocean (ESPO) pipeline. “It is an important event for Russia. It is a strategic project, which enables (Russia) to enter new markets in the Asia-Pacific region,” Putin said at the launching ceremony held at an oil terminal in the port of Kozmino near the Pacific city of Vladivostok.

Feds Open Broadband Cash Pipeline

The Obama administration begins dispensing $7.2 billion in grants and loans, funded by the American Recovery and Reinvestment Act, to expand broadband access and adoption across the country.
– Vice President Joe Biden announced Dec. 17 an initial $183 million
investment in 18 broadband projects benefiting 17 states to lay a new
foundation for high-speed Internet economic growth. Over the next 75 days,
another $2 billion will be made available on a rolling basis to communities
that cur…


Croatia eyes joining South Stream?

Croatia is close to joining the South Stream pipeline project, writes Business.hr, quoting unnamed diplomatic source. The website claims that representatives of Croatia have already spoken several times with Russians about joining this natural gas pipeline.