A VISITING US trade and investment delegation to Islamabad has expressed interest in investing in the proposed oil and gas pipeline projects from Central Asia to Pakistan. According to reports from Islamabad, in a joint press conference of the US Exim Bank, Overseas Private Insurance Corporation, and Trade and Development Agency, US officials said that pipeline projects were being considered at the highest policy level by the respective governments.
AVENG SUBSIDIARY Grinaker-LTA is heading a consortium of South African, Australian, and Greek construction companies which is to build Sasol’s gas pipeline from Mozambique to Secunda. The 865-km long pipeline will link the Temane gasfield in Mozambique to Sasol’s petrochemical plant at Secunda in Mpumalanga.
RUSSIAN AND French companies are reported to in line to receive invitations from Iran and Armenia to invest in a newpipeline project linking the two countries. The two countries’ governments are said to have agreed in principle to the construction of a 140-km gas pipeline, during an official visit of Armenian President Robert Kocharyan to Teheran.
CONSTRUCTION WORK is set to begin on the Vizag-Hyderabad LPG pipeline project on behalf of the Gas Authority of India Ltd. The first consignment of 8,000 pipes for the project arrived at the port in Vizag from SK Global Co Ltd of Korea on 7 February,and five further consignments are expected to arrive at the port in the next few months; the total quantity of steel being procured by GAIL for the project is around 25,000 tonnes.
THE NEW trans-Mediterranean pipeline under study by Italy’s ENI, Germany’s Wintershall, and Algerian state-owned energy company Sonatrach will link-up to mainland Europe’s gas network,and not terminate in Sardinia as initially seemed possible, according to details released by Wintershall.
HONG KONG-based PetroChina, wholly-owned by the China National Petroleum eh first Corporation, announced this month (February) that it was planning construction of the first sections of the 4000-km long West-East gas pipeline project. The sections in question are the crossings of the Yangtze River, Yellow,and the Huaihe Rivers, as well as the sections from Jiangsu Province to Shanghai, and Lunnan to Korla in the Xinjiang Uygur Autonomous Region.
THE GOVERNMENTS of Bulgaria, Greece, and Russia are finally to sign an agreement on 6 April to construct an oil pipeline to export Russian oil via the Black Sea to the Aegean, according to Bulgaria’s deputy minister for construction and development Hassan Hassan. The three-country memorandum for the project, worth å£300-400 million, will be signed in Athens, Hassan said.
THE FIRST pipeline to bring Kazakhstan’s oil to the world market was officially opened in late November. Officials of the Caspian Pipeline Consortium, including those representing the Russian, US, Kazakh, and Oman (which has 7% ownership) governments, gathered near the port of Novorossyisk for a ribbon-cutting ceremony for the å£1.9-billion pipeline, which represents one of the biggest foreign investments in the former Soviet Union.
ON 28 June the five partner companies of the international Nabucco gas pipeline project – Botas, Bulgargaz, Transgaz, MOL, and OMV Gas – signed a joint-venture agreement for the full project at a meeting in Vienna.