10 May 2024
10 May 2024
The pipeline would replace gas supplies from Bolivia but will require significant private sector investment if it is to materialise.
Oil and gas operations require significant energy input due to the intensive nature of drilling, extracting, processing, and refining. Improving the efficiency of such operations, particularly at refineries, can have a significant impact on Scope 1 and 2 emissions.
Following the transaction, Eni will retain a 60% stake as the operator while RAK Gas will own the remaining 10% stake in block 7.
The terminal is equipped with facilities for liquefied natural gas (LNG) receiving, storage, reliquefication, regasification and send-out.
The liquefied natural gas (LNG) will be sourced from ADNOC’s Ruwais LNG project, which is currently being developed in Al Ruwais Industrial City.
In a bid to expand its resources, Türkiye's state-owned gas grid operator, BOTAŞ, signed a ten-year liquefied natural gas (LNG) supply agreement with ExxonMobil in Washington on Wednesday.
Kinetik has secured a 15-year service agreement with an existing customer to provide gas-gathering and processing services.
As part of the agreement, GeoPark will gain immediate access to up to $300m (1.16trn pesos) in funding from Vitol.
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