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.
Grand mufti: Steer clear of anti-Islamic websites
Source : Arab News  
Date : 2014-11-21
Sheikh Abdul Aziz Al-Asheikh, grand mufti and chairman of the Standing Committee for Scientific Research and Ifta, said the cyber war waged by anti-Islamic websites are promoting division among Muslims....
SCTA to launch SR250m heritage firm next month
Source : Arab News  
Date : 2014-11-21
The Saudi Commission for Tourism and Antiquities (SCTA) plans to launch a company next month with initial capital of SR250 million to help turn some of the country’s oldest government-owned...
DGCX volumes rise 28% in October
Source : Khaleej Times  
Date : 2014-11-21
Trading volumes on the Dubai Gold and Commodities Exchange (DGCX) grew 28 per cent from the same period in 2013, a month in which the Exchange significantly expanded its Emerging...
Dewa reviews bids for Solar Park project
Source : Khaleej Times  
Date : 2014-11-21
Dubai Electricity and Water Authority (Dewa) issued a tender for the second phase of the Mohammed bin Rashid Al Maktoum Solar Park, a 100MW photovoltaic plant that will be developed...
Apar Industries unit to set up plant at Hamriyah FZ
Source : Khaleej Times  
Date : 2014-11-21
Singapore-based Petroleum Specialties, a fully-owned subsidiary of India’s Apar Industries Limited, has announced that it would set up a plant at Hamriyah Free Zone Authority for the manufacture of a...
Arkan opens Dh1.3 billion cement factory in Al Ain
Source : Khaleej Times  
Date : 2014-11-21
Abu Dhabi-listed Arkan Building Material Company opened Dh1.3 billion cement factory outside Al Ain on Thursday....
Khalifa Fund supports franchise projects
Source : Khaleej Times  
Date : 2014-11-21
The Khalifa Fund for Enterprise Development has provided an umbrella for seven projects to participate in the International Franchise Conference and Exhibition organised by the Abu Dhabi Chamber of Commerce...
$2.7t Islamic finance market faces lack of specialists
Source : Khaleej Times  
Date : 2014-11-21
As global Islamic finance market gears up to reach $2.67 trillion in size by 2017, an acute shortage of specialists in the industry is posing a major challenge to the...
Al-Futtaim opens largest M&S store in Abu Dhabi
Source : Khaleej Times  
Date : 2014-11-21
Al-Futtaim Group has opened the largest Marks & Spencer store in Abu Dhabi, located in the brand new Yas Mall on Yas Island....
Dubai International Boat Show expands features
Source : Khaleej Times  
Date : 2014-11-21
The UAE will be responsible for as much as 35 per cent of the up to $190 billion investment in the Middle East’s marine sector over the next three years,...
The US Shale Revolution and the Arab Gulf States
Source : German Institute for International and Security Affairs  
Date : 2014-11-21
The United States will play a central role in the future development of the energy markets, and in interna-tional relations in the Persian Gulf. The Gulf region is where the...
Al Yousuf brings cost and energy-saving solutions
Source : Khaleej Times  
Date : 2014-11-21
Dubai-based Al Yousuf Group is promoting its revolutionary energy-saving solutions in Dubai as it helps to establish a strong awareness about solutions with innovative lighting, climate control...
Muscat Securities Market index adds 32 points
Source : Oman Daily Observer  
Date : 2014-11-21
Muscat Securities Market (MSM) general index 30 yesterday added 32.68 points comprising a rise of 0.46 per cent to close at 7078.72 points....
CBK appoints Mahfouz as CEO
Source : Kuwait Times  
Date : 2014-11-21
Kuwait’s Central Bank has approved the appointment of Elham Yousri Mahfouz as chief executive officer of Commercial Bank of Kuwait, the Kuwait Stock Exchange said in a message on its...
Gulf to reject OPEC cuts to guard market share
Source : Kuwait Times  
Date : 2014-11-21
Gulf oil producers led by Saudi Arabia will likely reject output cuts at an OPEC meeting next week unless they are guaranteed their market share in a highly competitive market,...
CMA law to be amended soon
Source : Kuwait Times  
Date : 2014-11-21
Deputy Premier and Minister of Commerce and Industry Dr. Abdulmohsen Al-Mudej said Tuesday that amending a law of the Capital Markets Authority (CMA) will be ready within 60 days....
Asian Bankers Conference calls for focus on complementary role
Source : Oman Daily Observer  
Date : 2014-11-21
The 31st Asian Bankers Association (ABA) general meeting and conference yesterday hosted by Bank Muscat, the flagship financial services provider in the Sultanate, called for an increased complementary role among...
Five reasons why Kuwait is a great place to live
Source : Kuwait Times  
Date : 2014-11-21
In journalism, you can spend your whole life writing about negative things. From wars to corruption, from natural disasters to common accidents, there is an endless supply of bad news....
Young Omani inventor shares insights from his journey
Source : Oman Daily Observer  
Date : 2014-11-21
The Qatar based TV show is an initiative of Qatar Foundation and hopes to encourage the Arab world's future generation of science and technology innovators....
Majlis discusses Sohar Industrial Port readiness with transport minister
Source : Oman Daily Observer  
Date : 2014-11-21
Majlis Ash'shura Office hosted during its regular session yesterday Dr Ahmed bin Mohammed al Futaisi, Minister of Transport and Communications, to discuss the readiness of Sohar Industrial Port for the...
Total 2072 Results in 104 Pages
For more news, views and reports about this topic, please subscribe
to GRC website: www.grc.net
Fri Nov 21, 2014| 28-محرم-1436هـ
Iraq seeks KSA help to return to Arab fold
SR7.8 billion contract signed to modernize Riyadh bus network
Iran still stalling as N-deal deadline looms
Kuwait Airways agrees to buy Boeing 10 jetliners: Al-Roumi
Bahrain envoy back in Doha
UAE banks to freeze 'suspect accounts'
Groups may appeal against inclusion on terror list: Gargash
Gulf seen rejecting Opec cuts to guard market share
World must recognise threat of terrorism: Assad
Oman sign three agreements to join GCC electricity interconnection grid
Top ISIS leader killed in Iraq raid
Markets edge up as investors hunt for bargains
Kuwait labor law offers additional protection to expats - official
Volatile oil prices 'will not affect wealth fund strategy'
Kerry rules out extension of Iran N-deadline
Qatar's GDP grew by 6.3pc: PM
    Newspaper Editorials
UAE an oasis of peace
Kim's threatening ways
Banish apathy!
The elusive nuke deal
    GCC Press Agencies
Day's main stories from the GCC Press Agencies
The US Shale Revolution and the Arab Gulf States
    Bank Reports
GCC Markets Performance – May 2014
Saudi Arabia: Baseline Macroeconomic Forecast 2014-16
    GRC Analysis
Saudi Arabia and the ASEAN Periphery: Cambodia, Myanmar, and Brunei
NATO and the Future of Gulf Security.
Saudi-Vietnam Relations
    GRC Commentary
Price of not heeding Kingdom's advice
On Relations between Rulers and Citizens: The Need for a New Social/Political Contract in the GCC States
Key Issue Facing the Saudi Ruling House.
    GRC Book Review
Beyond Regionalism? Regional Cooperation, Regionalism and Regionalization in the Middle East
India, GCC and the Global Energy Regime: Exploring Interdependence and Outlook for Collaboration.
    GRC Press Release
Gulf Research Center press releases to the media
    GRC Publications
Regional Security in the Framework of ASEAN: Potential Lessons for the GCC
GCC-Asia Ties and Collective Security
Perpetuating the Rentier State: Patrimonialism in a Globalized World
    GRC Newsletters/Bulletins

Enter your email to get the Newsletter
Privacy Policy | Contact Us | Terms & Conditions | About Us |
Weather | Qibla Directions | Hijri Date Conversion Tool
Full Page :total time:0  |   30-- 30 Middle Page :0  --   | Right : 30 - 30--en--sess-enreq-en-coming