Energy Sector

Bahrain, Shell sign memorandum on gas initiatives

Bahrain, Shell sign memorandum on gas initiativesNicosia, Feb 3: The National Oil and Gas Authority (NOGA) of Bahrain and Shell International Gas and Power Limited have signed a memorandum of understanding (MOU) concerning the feasibility of various gas initiatives in the kingdom.

Bahrain in recent years has experienced a sharp increase in natural gas consumption and has been exploring ways of meeting demand both through the development of the country''s own gas resources and through imports.

Sonia to dedicate country's longest Mundra-Delhi oil pipeline to nation today

Sonia to dedicate country''s longest Mundra-Delhi oil pipeline to nation todayJaipur, Feb 3: Congress President Sonia Gandhi will dedicate the 1,054-km Mundra-Delhi oil pipeline to the nation at Bagru town near Jaipur today.

It is project of Hindustan Petroleum Corporation Ltd. (HPCL) and was built in just 36 months at a cost of 1,757 crore rupees. It is the country''s longest oil pipeline.

The pipeline passes through eleven districts spread over Gujarat, Rajasthan and Haryana.

Wind fastest growing energy source in Europe

Wind fastest growing energy source in Europe Brussels  - More energy from wind power came online in Europe in 2008 than from any other energy source, the European Wind Energy Association (EWEA) reported Monday.

Of new energy-generating capacity that went online in that year, 43 per cent came from wind power, the group said. That meant an average of 20 wind turbines installed every working day of that year.

Gazprom completes purchase of majority stake in Serbian oil firm

Gazprom completes purchase of majority stake in Serbian oil firmBelgrade  - Russian energy giant Gazprom completed the purchase of a majority stake in the Serbian oil monopoly NIS Monday by wiring 400 million euros (512 million dollars) to Belgrade.

Serbia and Gazprom agreed the sale of 51 per cent of the NIS capital a year ago, but the deal was delayed by early elections in Serbia, as well as a strife within the new ruling coalition.

Economy Minister Mladjan Dinkic had criticized the deal as unfavourable for Serbia, but his objections faded as the financial crisis began taking its toll in Serbia.

Development bank to lend millions for Philippine energy project

Development bank to lend millions for Philippine energy project

Lao power plant plans to list on Thai bourse

Bangkok  - Southeast Asia Energy Ltd, a Thai-owned hydropower project in Laos, is preparing to list on the Stock Exchange of Thailand later this year, media reports said Monday.

Ch Karnchang, a Thai construction firm that owns the plant, is seeking a financial adviser for helping with the listing, which would become the first such cross-border listing of a company from Indochina on the Thai bourse, The Nation newspaper reported.

The company needs funding to complete the Nam Ngum II hydropower plant. The plant on the Nam Ngum River, a major tributary of the Mekong, is to generate 615 megawatts of electricity to be sold to Thailand.

The Bangkok bourse has a target to attract at least 40 firms from Indochina - Cambodia, Laos and Vietnam.

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