As the globalization of the natural gas business continues, Dubai is opening its backyard to what it hopes will be the world’s liquefied natural gas (LNG) storage depot and a balancing point between the Atlantic and Pacific basins. It’s the kind of project that wouldn’t stand a chance in New England.
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Dubai Sees Itself at the Center of the LNG World
As the globalization of the natural gas business continues, Dubai is opening its backyard to what it hopes will be the world’s liquefied natural gas (LNG) storage depot and a balancing point between the Atlantic and Pacific basins. It’s the kind of project that wouldn’t stand a chance in New England.
Shell Acquires Gazprom’s First LNG Cargo to the U.S.
Bringing the globalization of the natural gas industry one step further, Shell on Friday reported that it has acquired Gazprom Marketing & Trading Ltd.’s first liquefied natural gas (LNG) cargo to the United States.
Natsource, Merrill Lynch Paper Changes Hands
Globalization hit the paper energy market yesterday with the bidby the U.S. investment subsidiary of a Dutch banking firm forMerrill Lynch’s energy futures, options and commodities business,and the takeover of Natsource LLC, a leading U.S. broker of naturalgas and electricity, by a London wholesale money broker.