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ADNOC secures $11bn financing for Hail and Ghasha gas project
Yahoo Finance· 2025-12-18 15:31
Core Insights - ADNOC, in partnership with Eni and PTTEP, has secured a structured financing agreement of up to Dh40.4bn ($11bn) for the Hail and Ghasha gas development project, aimed at monetizing future midstream gas production [1] - The Ghasha concession is projected to deliver 1.8 billion standard cubic feet per day (bscf/d) of gas, contributing significantly to ADNOC's gas strategy [1][4] Financing Structure - The financing arrangement is described as non-recourse and involves participation from over 20 international and regional financial institutions, allowing ADNOC and its partners to access capital at competitive rates while retaining operational oversight [2] - The financing is "ring-fenced" around processing facilities, enabling the raising of low-cost funding [2] Strategic Importance - The transaction is seen as a landmark achievement that builds on ADNOC's successful track record in global energy partnerships, unlocking capital for the ambitious Hail and Ghasha project [3] - The project is expected to generate significant value for ADNOC, its partners, and the UAE, while also unlocking new gas resources for customers [4] Historical Context - ADNOC has previously engaged in major midstream and infrastructure deals, including a $4.9bn oil pipeline partnership and a $10.1bn gas pipeline agreement, along with various BOOT projects [5] - The Hail and Ghasha project aims to operate with net-zero emissions and capture 1.5 million tonnes of CO₂ annually [5] Future Plans - ADNOC plans to leverage advanced AI and technologies from its Thamama Centre of Excellence for the project [5] - The company has outlined a $150bn investment plan for the period between 2026 and 2030 to sustain current operations and expand growth [6]
Tokyo Gas to steer more than half of overseas investments to US in next 3 years, CEO says
Reuters· 2025-12-14 17:03
Core Viewpoint - Tokyo Gas, Japan's leading city gas provider, is planning to allocate over half of its 350 billion yen ($2.3 billion) budget for overseas investments in the U.S. to stimulate growth, as stated by CEO Shinichi Sasayama [1] Investment Strategy - The company has earmarked a total of 350 billion yen ($2.3 billion) for overseas investments over the next three years [1] - More than 50% of this investment will be directed towards the U.S. market [1] Growth Objectives - The strategic focus on the U.S. is aimed at driving growth for Tokyo Gas [1]
Libya Positions Itself at the Heart of Africa's Gas Future as LAIGF 2025 Kicks Off in Tripoli
Newsfile· 2025-12-07 18:22
Libya Positions Itself at the Heart of Africa's Gas Future as LAIGF 2025 Kicks Off in TripoliDecember 07, 2025 1:22 PM EST | Source: IN-VR LimitedTripoli, Libya--(Newsfile Corp. - December 7, 2025) - Libya stepped firmly back onto the regional energy stage today with the opening of the Libya Africa International Gas Forum (LAIGF 2025) at the Lancaster Hotel in Tripoli. The gathering brought together over 500 senior delegates from 72 organisations and 18 countries, uniting international and Lib ...
X @The Wall Street Journal
The European Union reached a deal to permanently halt imports of Russian gas, a significant milestone in the bloc’s efforts to sever energy ties with Moscow following the invasion of Ukraine https://t.co/BcDqRLyydy ...
TotalEnergies Partners with Japanese Giants for U.S. Synthetic Gas Project
Yahoo Finance· 2025-12-02 13:00
TotalEnergies is partnering with several Japanese firms to develop the Live Oak project in Nebraska—a facility to produce electric natural gas (e-NG), synthetic gas produced from renewable hydrogen and CO2, the French supermajor said on Tuesday. TotalEnergies has signed a Joint Development and Operating Agreement that grants Japanese energy firms Osaka Gas, Toho Gas, and ITOCHU a combined 33% stake in the project, which the French major is developing with TES, a Europe-based green energy company. Followi ...
X @Bloomberg
Bloomberg· 2025-12-02 05:38
India’s Torrent Gas has hired three banks for its planned initial public offering that may raise as much as $450 million, according to people familiar with the matter. https://t.co/TH5ivRz4xJ ...
ONE Gas Issues 2026 Financial Guidance
Prnewswire· 2025-12-01 21:15
Accessibility StatementSkip Navigation TULSA, Okla., Dec. 1, 2025 /PRNewswire/ -- ONE Gas, Inc. (NYSE: OGS) today issued financial guidance for 2026 and updated its five-year growth rates, including raising its long-term diluted earnings per share growth rate to 5% to 7%, from 4% to 6% previously. "As we enter 2026, we are fully leveraging opportunities to support customer growth and invest in our system, all while maintaining our commitments to safety and customer affordability," said Robert S. McAnnally, ...
Iraq’s Khor Mor gas field restarts operations after drone attack
Yahoo Finance· 2025-12-01 11:35
Core Viewpoint - Iraq's Khor Mor gas field has resumed operations after a temporary shutdown due to a drone attack, which is crucial for regional power generation [1][2]. Group 1: Operations and Impact - The Khor Mor gas field restarted operations at 2am local time on 30 November, following a halt caused by a rocket attack on 27 November that struck a storage tank [1][2]. - The attack on Khor Mor led to widespread power outages in the region, highlighting the vulnerability of energy infrastructure [2][3]. - The Khor Mor field is one of the largest in the Kurdistan Region of Iraq and is a primary supplier to local power generation plants [1]. Group 2: Recent Attacks and Security Concerns - The recent drone attack on Khor Mor is part of a series of assaults, including an attack on fuel tanker trucks in Erbil on 29 November, which resulted in casualties [2][3]. - The attack on Khor Mor was noted as the most significant since a series of drone strikes in July that reduced regional oil production by approximately 150,000 barrels per day [3]. Group 3: Company Developments - Dana Gas, the operator of the Khor Mor gas field, has been recognized for its resilience amid multiple attacks, with the Kurdish Prime Minister expressing gratitude to the company and its workforce [4]. - The KM250 gas expansion project at Khor Mor was completed eight months ahead of schedule, increasing processing capacity by 250 million cubic feet per day, bringing total output to 750 million cubic feet per day [5].
X @Bloomberg
Bloomberg· 2025-11-28 16:45
Germany should scrap its legally binding gas-storage targets and pivot to a more market-driven system — possibly backed by a strategic emergency reserve — a government-commissioned study said https://t.co/kXIrW6H08o ...
Japan’s Mitsui commits to long-term cooperation, investment in Việt
Vietnamnews.Vn· 2025-11-27 16:08
Group 1: Mitsui's Commitment and Plans - Mitsui & Co Ltd reaffirms its commitment to long-term cooperation and investment in Vietnam, particularly in the energy sector [2][3] - Mitsui plans to expand investment in energy and carbon-reduction projects, and promote the export of high-value Vietnamese products, especially in agriculture and aquaculture [5] - The company is working to accelerate all components of the Block B gas project chain in collaboration with Vietnamese partners [4][7] Group 2: Vietnam's Economic Growth and Partnership - Vietnam aims for double-digit annual growth in the coming years, necessitating substantial energy resources [8] - The Vietnam-Japan Comprehensive Strategic Partnership is experiencing strong growth, with Japan being a leading economic partner for Vietnam [6] - The Vietnamese government is committed to improving the investment climate and protecting the rights of investors, which includes facilitating project implementation and expanding supply chains [10][11] Group 3: Collaboration and Development Initiatives - The Vietnamese Prime Minister encourages Mitsui to strengthen cooperation in fisheries, trade, and export, and to establish research and development centers in aquaculture and energy [9] - Mitsui's intention to promote the export of high-value, processed Vietnamese goods aligns with Vietnam's goal of enhancing growth quality and increasing technological content in exports [9] - The government will continue to support foreign investors, including Japanese enterprises, to operate effectively in Vietnam [10]