Dana Gas PJS : H1 profit rises 4% to Dh88 million

Dana Gas PJSC (“Company”), the Middle East’s largest regional natural gas company, announced its financial results for the first half ended 30 June 2018: Highlights Net Profit for 1H of $24 million (AED 88m); 4% higher year-on-year; $50 million (AED 183m) excluding one off Sukuk restructuring costs. Consensual solution on Sukuk restructuring agreed with closing
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China’s threats of new tariffs on $60 billion worth of U.S. imports will create shifts in the energy market, as American liquefied natural gas makes the list of goods Beijing will target, analysts said. The move to include LNG raised eyebrows as China had previously held back at including the fuel on the list of
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Along a narrow inlet off the Gulf of Mexico, 2.8 billion cubic feet of natural gas rolls daily through the Sabine Pass plant, where it is cooled into a liquid and loaded onto tankers bound for Asia and South America. One may depart soon with the financial backing of Goldman Sachs GS 0.81% Group Inc.,
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The shipping industry plays a crucial role in the running of the global economy and like any major sector, it has an environmental impact. In 2012, international shipping was responsible for an estimated 796 million tons of carbon dioxide (CO2) emissions — around 2.2 percent of total global CO2 emissions that year, according to the
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NYK’s reduction target for greenhouse gases (GHG) has been recognised as science-based by the international Science Based Targets (SBT) initiative. To achieve this target, NYK will be making cooperative efforts with shipowners, ship management companies, crews, ship operators and related parties to create new value by making use of the latest digital technology, said a
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Since a collaboration with Intercontinental Exchange took effect six months ago, S&P Global Platts has seen a substantial increase in natural gas trade information on a day-to-day basis, resulting in a more enhanced view of the markets. In the agreement, which went online October 31 for spot trades and in December for bidweek transactions, Platts
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Greek shipowner Alpha Gas has ordered its third liquefied natural gas (LNG) carrier from Daewoo Shipbuilding & Marine Engineering. Under the contract, which was signed on June 7 at this year’s Posidonia event in Greece, the 173,400-cbm vessel will be delivered to the shipowner in the first half of 2021. The third unit is the option related to the shipbuilding
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Italy bought 1.3 billion cubic meters of Russian gas from March 1 to 19, which is a 99% increase in comparison with the same period last year, Gazprom said in a report. “It has been noted that for several decades, Gazprom has been a reliable gas supplier to Italy, currently the third largest importer of
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Texas energy boosters urged the Trump administration this week to strengthen, rather than diminish, the North American Free Trade Agreement to protect the flow of natural gas exports from the US to Mexico as output is surging because of billions of dollars of investment in the Permian Basin and midstream infrastructure. Todd Staples, president of
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