Thursday 25 December 2014
 
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natural gas

Sudan to develop, import gas for power generation

Sudan plans to create opportunities for foreign investment in the extraction of natural gas as well as to import gas, both aimed at fuelling power generation and industry, President Omar Al Bashir said.

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Dana Gas in talks with Egypt over revising gas prices

The UAE-based Dana Gas said it was in talks with the Egyptian government to secure a higher price for some of the natural gas it extracts, as the North African country moves to encourage investment in energy.   S

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Saudi Arabia to double natural gas production

Saudi Arabia, the world's top oil exporter, will double its natural gas output by 2030 but plans to keep all of it at home to fuel domestic growth, the country's oil minister said on Wednesday. "Within the next decade

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Dana Gas 9-month revenue surges 16pc

Dana Gas, a leading regional natural gas company, has posted revenues of $541 million during the first nine months of the year  period as against $466 million in 2013, marking a 16 per cent increase. Net profit in the nine mo

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Egypt signs $500m World Bank gas loan

Egypt has signed a $500-million loan with the World Bank to provide natural gas to Egyptian households, the government said in a statement on Thursday. The loan will help fund a Petroleum Ministry plan to connect 850,000 Egyptians

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Egypt signs $500m World Bank gas loan

Egypt has signed a $500-million loan with the World Bank to provide natural gas to Egyptian households, the government said in a statement on Thursday. The loan will help fund a Petroleum Ministry plan to connect 850,000 Egyptians

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Morgan Stanley to set up natural gas export plant

Morgan Stanley has quietly filed plans to build and run one of the first US compressed natural gas export facilities, the first sign the bank is plunging back into physical commodity markets even as it sells its physical oil business.

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Saudi Arabia's oil usage tops economic growth

Saudi Arabia’s annual rate of energy consumption has grown to an average of 3.8 million oil barrels per day, marking an increase of more than 5 per cent while the economic growth rate reached 4 per cent, a report said. The r

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Aramco to invest $400bn in next decade

Saudi Aramco, the world’s biggest oil producer, plans to invest $40 billion per annum over the next 10 years to keep oil output capacity steady while doubling gas production, a report said. Aramco forecasts more capital goin

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Natural gas can keep those motors running: Kemp

Cheap natural gas is starting to revolutionise traffic on US roads, cutting bills for some of the country's heaviest fuel users while reducing carbon emissions and other pollution. The revolution is still in its very early stages. G

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