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Gold/Mining/Energy : LNG -- Ignore unavailable to you. Want to Upgrade?

To: Dennis Roth who wrote (45)	1/27/2004 2:13:36 PM
From: Dennis Roth	Read Replies (2) \| Respond to of 919

$1bn Qatar LNG transport firm on way tradearabia.com Posted: Tuesday, January 27, 2004 Doha A giant gas transport company is to be set up in Qatar with a capital of QR5 billion ($1.37 billion), said a report. Qatar LNG Transport Company will become the largest public holding of its kind in the local market, according the Peninsula newspaper. Sixty per cent of the company's capital or approximately QR3 billion is expected to be offered for public subscription before the end of this year. The public sector, expected to include Qatar Petroleum, and Qatar Navigation Company will hold the remaining 40 per cent, said the report. The new company's activities will include the transport of LNG and the construction of a dry port for the maintenance of the ships with the participation of Gulf and foreign investments. A foreign company has been selected as financial consultant for the company, which is currently carrying out detailed technical and financial studies that are expected to be concluded within the next three months.

To: Dennis Roth who wrote (45)	1/31/2004 9:41:34 AM
From: Dennis Roth	Respond to of 919

Algeria Blast Has Officials Rethinking LNG Safety enr.com

To: Dennis Roth who wrote (45)	2/19/2004 8:13:53 AM
From: Dennis Roth	Respond to of 919

Algerian LNG complex explosion caused by gas pipeline leak ogj.pennnet.com By OGJ editors HOUSTON, Feb. 18 -- A gas pipeline leak, not a boiler malfunction, was officially deemed the cause of an explosion last month at the Skikda, Algeria, LNG complex, Algerian Energy and Mines Minister Chakib Khelil told newsmen at a mining and environment seminar this week. OPEC News Agency reported Wednesday that Khelil said the failed gas pipeline was the preliminary conclusion of an inter-ministerial commission of inquiry that had been set up to investigate the Jan. 20 explosion. The blast killed 27 people, injured 74 others, destroyed three of the six LNG trains at the complex, and heavily damaged a nearby berth for loading LNG tankers. Officials at Sonatrach, Algeria's state-owned oil and gas company, initially had blamed a faulty boiler for the explosion (OGJ Online, Jan. 20, 2004). Sonatrach officials, as well as an insurance company and foreign experts are assisting the commission, which Khelil said would release the final report in about three months, OPECNA reported. The blast caused worldwide repercussions for planned and existing LNG projects, as sponsors rushed to reassure neighboring populations and investors of the safety of their facilities (OGJ Online, Jan. 27, 2004).