China: Pumping an Iranian LNG deal for oil

Industry officials announced March 22 that a US$ 100 Bn LNG deal between China's Sinopec and Iran will be delayed until at least mid-2006 due to price disagreements.

Despite the effect of high prices, the real dilemma facing the two parties is that Iran has no facilities capable of exporting LNG. The agreement's strategic importance lies in Sinopec's development of the Yadavaran field and the oil reserves held there.

LNG Deals/Contracts

Centurion Energy, Shell sign LNG accord for Nile Delta blocks

Centurion Energy International Inc. has signed an agreement with Royal Dutch Shell Plc's Egyptian units under which the companies will explore for natural gas and develop liquefied gas ``opportunities.''
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Petro-Canada and Gazprom sign agreement on LNG plant in Russia

Canadian energy major Petro-Canada has signed an agreement with Russian energy giant Gazprom on initial engineering design of a LNG plant in St. Petersburg.
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Keltic signs gas terminal deals

Maple LNG, the Canadian affiliate of Dutch company 4Gas and Russia's Suntera, said they had signed agreements with Keltic to develop a proposed LNG project on the Nova Scotia coast northeast of Halifax. The project's regasification terminal would be located beside the Maritimes and Northeast Pipeline, which carries gas from Sable Island offshore fields to American customers via Canadian and U.S. pipelines.

Qatar plans to invest in key global energy projects

Qatar has plans to invest in key energy projects worldwide. The job of identifying viable ventures has been assigned to Qatar Petroleum International (QPI), a newly formed arm of state-controlled Qatar Petroleum (QP).

The QPI has been set up to exclusively manage Qatar's investments overseas. It is already in the process of identifying best investment opportunities available globally in the energy industry.

Among the prospective projects the QPI is looking at are refineries in India and China and LNG terminals in the UK, Italy and the US.