
EIC predicts huge investment in Iraq over next five years
The EIC predicts that Iraq should see huge levels of investment over the next five years as the security situation improves.
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The EIC predicts that Iraq should see huge levels of investment over the next five years as the security situation improves.

Sumitomo Corporation and Tokyo Gas Co., Ltd. have started negotiation with Dominion to conclude a final terminal service (TSA) agreement with Dominion to export shale derived LNG from the Cove Point LNG terminal.

India reports great progress in TAPI natural gas pipeline project, which has seen participating countries debating over transit prices and volume.

The Sierra Club, a leading environmentalist group in North America, has filed a formal protest with the US DOE about Cameron LNG’s proposals to export LNG from its Lake Charles facility. The group has previously opposed four other LNG export plants.

COOEC has awarded Technip a pipeline installation contract for the Liwan 3-1 shallow water project, located in the Pearl River Mouth Basin, China Sea, 300 km South of Hong Kong, China.

Egypt has terminated it’s gas supply contract with Israel, EMG has called the attempt unlawful and is seeking arbitration.

The latest EIC Monitor quarterly report tracking new project announcements shows that the global energy industry has seen encouraging signs of growth in the first quarter of 2012.

Red Leaf and Total have formed a joint venture to test the viability of a new oil shale exploration technology in Utah.

Experts have claimed that the UK’s offshore shale reserves could exceed 1000 trillion cubic ft – five times onshore estimates.

Exoma Energy has employed a second drilling rig to explore for CSG, shale and oil in the Galilee Basin.

The UK DECC has published an independent expert report recommending measures to mitigate the risks of seismic tremors from hydraulic fracturing - and is inviting public comment on its recommendations.

Cheniere Energy has received FERC approval to construct and operate the Sabine Pass liquefaction plant.