Home Page - Gulf in the Media
HomePoliticsEconomy                               Set Gulfinthemedia.com as home page
 Print  Send This Page
Save Listen to this Article
Taqa, Gazprom to launch Dutch gas storage project   

Gulf Today - 06 December, 2008

Abu Dhabi National Energy Company said on Friday it had signed a memorandum of understanding with Gazprom to jointly develop the Bergermeer gas storage project in the Netherlands.

Abu Dhabi National Energy, also known as Taqa, said construction of the project is expected to start in the second quarter next year, with commercial operations scheduled to start in the second quarter of 2013.

Once operational, the majority of the facility's capacity will be made available for third party access.

"The new gas storage facility will enhance the security of energy supply to Dutch and European consumers and will contribute significantly to the liquidity of the North-West European gas markets," Taqa said in a statement.

Gazprom will assist in construction and design of the project and will also deliver cushion gas for injection in the summer months over the next four years. Cushion gas is necessary to ensure the reservoir has optimal pressure to start commercial storage activities.

Taqa and Gazprom aim to finalise technical and contractual talks in the next few months to reach a final investment decision on the project by the end of the first quarter in 2009.

Taqa, which is jointly developing the Bergermeer project with developers Dyas and Energie Beheer Nederland along with Petro-Canada, said last month it is seeing widespread interest in the 1 billion euro ($ 1.3 billion) project, but that Dutch government support is essential for its development.

Paul van Gelder, managing director for the company in Europe, told Reuters demand was coming from utilities all over Europe, particularly those with power generation stakes in the region, as well as gas shippers and trading firms which source gas in the North Sea and are looking for flexible storage sites.

Taqa and its partners aim to use a depleted gas reservoir north of Amsterdam for storage with a working volume of around 4 bcm and an extra 4.6 bcm of cushion gas to control the pressure.

The company said on Friday it is continuing talks with other potential partners and cushion gas suppliers for participation in the project.
The real taste of India
Source : Saudi Gazette  
Date : 2017-03-25
The fourth edition of Indian Food Festival kicked off at Elaf Jeddah Hotel (Red Sea Mall) on Thursday evening. Indian Consul General Mohammed Noor Rahman Sheikh opened the festival by...
Your new summer home away from home, at Jumeirah Dar Al Masyaf
Source : Saudi Gazette  
Date : 2017-03-25
Many travelers from the Kingdom know the famous Burj Al Arab hotel, which is easily considered the most prominent architectural icon on the coast of Dubai, or the famous Madinat...
All eyes on SEMA Business Expo in Abu Dhabi
Source : Gulf Today  
Date : 2017-03-25
The Specialty Equipment Market Association (SEMA) will host the sixth annual SEMA Middle East Business Development Expo in Abu Dhabi, on March 30-April 1, 2017....
Sweden's innovative solutions for crisis & disaster relief
Source : Gulf Today  
Date : 2017-03-25
Swedish delegation to DIHAD 2017 promoted sustainable innovations for international crisis and disaster relief. The Embassy of Sweden in Abu Dhabi and Business Sweden also hosted a Swedish pavilion, gathering...
Mining sector's share in Iran's GDP to rise to 1.5%
Source : Tehran Times  
Date : 2017-03-25
The share of mining sector in Iran's gross domestic product (GDP) will be increased to 1.5 percent in the Sixth National Development Plan (2016-2021) from the current figure of 1.1...
219 foreign delegations negotiate insurance co-op with post-sanction Iran
Source : Tehran Times  
Date : 2017-03-25
After the implementation of JCPOA (joint comprehensive plan of action which lifted sanctions against Iran in January 2016) until the end of last autumn, some 219 foreign delegations have visited...
MOL to advance Block 66 exploration
Source : Oman Daily Observer  
Date : 2017-03-25
Hungarian energy firm MOL Group says it plans to press ahead with its exploration efforts targeting its sole concession in the Sultanate, Block 66, located in the mid-west of the...
Dubai Property Show opens in Shanghai
Source : Gulf Today  
Date : 2017-03-25
Taking Dubai's crème-de-la-crème properties to Chinese buyers’ doorstep, Dubai Property Show opened to public on Friday at the prestigious Shanghai World Expo Exhibition & Convention Center....
Alara signs offtake agreement for Oman copper concentrate
Source : Oman Daily Observer  
Date : 2017-03-25
Alara Resources Limited has announced that its local subsidiary, Alara Oman Operations Pty Ltd, has signed an off-take agreement for the supply of copper concentrate from the Al Hadeetha Project,...
Saudi exports to US to fall by 300,000 bpd in March
Source : Oman Daily Observer  
Date : 2017-03-25
Saudi Arabia's crude exports to the United States in March will fall by around 300,000 barrels per day from February, in line with Opec's agreement to reduce supply, a Saudi...
China's Feb. Iranian crude import up 18%
Source : Tehran Times  
Date : 2017-03-25
China imported in February 657,900 barrels of crude oil per day from Iran, an increase of 18 percent year on year, according to data from the Chinese General Administration of...
GCC calls for closer economic cooperation with EU
Source : Arab News  
Date : 2017-03-24
The GCC made a call for closer cooperation with the EU in its economic transformation plan at a meeting held at the GCC Secretariat here on Wednesday....
Emirates NBD Reit starts trading on Nasdaq Dubai
Source : Khaleej Times  
Date : 2017-03-24
Trading in shares of the UAE's second real estate investment trust - Emirates NBD Reit - began on Nasdaq Dubai on Thursday following its $105 million initial public offering....
Emirates to begin A380 service to French Riviera
Source : Khaleej Times  
Date : 2017-03-24
Emirates will launch daily A380 service to Nice, gateway to the French Riviera and Provence from July 1, which will become the Dubai airline's second destination in France after Paris....
Sharjah mixed-use projects' appeal rising
Source : Khaleej Times  
Date : 2017-03-24
Mixed-use community developments that are currently being launched in Sharjah received a lot of interest at the fourth Middle East Investment Real Estate Exhibition and Conference (Acres Middle East 2017)....
Waha Capital AGM approves cash dividend of 20 per cent
Source : Gulf Today  
Date : 2017-03-24
Shareholders of Waha Capital, a leading investment company based in Abu Dhabi, approved a cash dividend of 20 per cent for eligible shares at the company's Annual General Meeting held...
DCCI seeks to boost ties with RAK, Madinah chambers
Source : Gulf Today  
Date : 2017-03-24
The Dubai Chamber of Commerce and Industry (DCCI) hosted representatives from the Ras Al Khaimah Chamber of Commerce and Industry and Saudi Arabia's Madinah Chamber of Commerce and Industry at...
SCTDA to promote emirate's tourism attractions at Russia travel event
Source : Gulf Today  
Date : 2017-03-24
The Sharjah Commerce and Tourism Development Authority (SCTDA) headed to Moscow from Berlin to continue promoting international travel to the emirate....
Reem Finance posts Dhs55.5m net profit for 2016
Source : Gulf Today  
Date : 2017-03-24
Reem Finance (Reem), the Abu Dhabi-headquartered provider of credit and finance solutions to businesses across the UAE, on Thursday announced a total net profit of Dhs55.5 million for financial year...
Gulf Crafts shares success secrets with leaders
Source : Gulf Today  
Date : 2017-03-24
Gulf Craft, the pioneering Emirates-based shipyard, recently hosted a group of the region's future business leaders, offering them insight on how to survive and thrive in an increasingly globalised business...
Total 586 Results in 30 Pages
For more news, views and reports about this topic, please subscribe
to GRC website: www.grc.net
Sat Mar 25, 2017| 26-جماد ثاني-1438هـ
Syria expands anti-Daesh operations
Riyadh celebrates first Saudi Women's Day
UAE summons Iran's diplomat
Trump turns up the heat on Iran, but no clear game plan yet
Qatar tops world in BMI index for investment attractiveness
Qaeda kills Yemen police, targeted in US raid
Iran targets $8.6bn of refinery deals with Asia firms
UN chief: Syria dialogue must focus on transition for success
US President Trump strongly supports Iraq - envoy
DGCX traded 1.37m contracts valued at $33b in January
Iran rejects 'baseless' warning from US on missile test
GCC consumers spend $9.3 billion on beauty, personal care products
HM King hails parliament's role
Saudi sentenced 7 years in prison for entering Syria, joining Al-Nusra
AD CP, Emir of Qatar discuss ties
NBK Report on oil markets
GCC Banking Sector Quarterly - 2Q16
    GCC Press Agencies
Day's main stories from the GCC Press Agencies
    GRC Analysis
The Benefits of NATO-GCC Strategic Ties
The GCC and the EU's New Global Strategy
    GRC Commentary
Climate COP 22 in Marrakech Important for the Region
Earth Day 2016: The Promised Day
An Evolving Saudi-US Relationship
    GRC Press Release
Gulf Research Center press releases to the media
    GRC Publications
The GCC and the Global Oil Market in 2016
GCC and Regional Issues
GCC Economies: Vision Plans and Outlook
    GRC Newsletters/Bulletins

Enter your email to get the Newsletter
GRC Publication
Privacy Policy | Contact Us | Terms & Conditions | About Us |
Weather | Qibla Directions | Hijri Date Conversion Tool
Full Page :total time:0  |   16-- 16 Middle Page :0  --   | Right : 16 - 16--en--sess-enreq-en-coming