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 by Staff Writers Nicosia (AFP) Dec 13, 2019
Cyprus on Friday signed a landmark deal with a Chinese-led consortium to build a EUR290 million terminal for the import of liquified natural gas for electricity generation, local media said. At a ceremony in Nicosia, Cyprus' natural gas infrastructure company ETIFA, a subsidiary of Natural Gas Public Company, signed a contract to build its first LNG terminal with a multinational consortium led by China Petroleum Pipeline Engineering. "This is a significant project that ushers Cyprus into the natural gas era," Duan Bingquan, deputy managing director of China Petroleum Pipeline Engineering, told reporters. The consortium also includes METRON (Greece), Hudong-Zhonghua Shipbuilding (China) and Wilhelmsen Ship Management (Norway). The LNG terminal, to be completed by end 2021 or early 2022, will include a floating storage and re-gasification unit (FSRU), a jetty for mooring the FSRU, a jetty borne gas pipeline and related infrastructure.
Fracking leaves heavy footprint in Argentina's Patagonia Anelo, Argentina (AFP) Dec 12, 2019 Pumpjack oil wells peck like giant birds at the ground, plumes of yellow flames flare from gas pipelines, lakes accumulate contaminated waste - Patagonia and its indigenous people are paying a heavy price for Argentina's economic progress. Vaca Muerta, a huge sweep of western Patagonian wilderness, sits on the world's second largest reserve of shale gas and its fourth largest oil reserves. A push to develop extraction amid Argentina's crippling economic crisis has made the area a magnet for int ... read more
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