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India national Budget likely to scrap import duty on LNG

By: Ajoy K Das     18th June 2019 The Indian government is considering scrapping an import duty on liquefied natural gas (LNG) in the forthcoming Budget to be presented before Parliament next month. Government officials say that the Petroleum and Natural Gas Ministry has made a strong pitch for reducing the current LNG import... 

Shell’s Prelude achieves first LNG shipment

11th June 2019 The Shell-operated Prelude floating liquefied natural gas facility, offshore Western Australia, has shipped its first LNG product to customers in Asia. Shell’s integrated gas and new energies director, Maarten Wetselaar said on Tuesday that Prelude formed an integral part of the company’s global... 

India’s new government likely to hasten inclusion of LNG in single-tax GST regime

By: Ajoy K Das     29th May 2019 The Indian energy sector is betting big on inclusion of liquefied natural gas in the goods and service tax (GST), following the electoral mandate received by the right-wing Bharatiya Janata Party (BJP) to form the federal government for a second term The industry reckons that with the BJP-led... 

Adjudicator says any security defence of US auto tariffs at WTO 'very difficult'

By: Reuters     28th May 2019 The US will find it "very difficult" to defend President's Donald Trump's proposed car tariff against any challenge at the World Trade Organization (WTO), a veteran trade adjudicator who has ruled on a related case told Reuters. Trump said this month that some imported vehicles and parts pose a... 

South Africa urged to use seasonal advantage to secure lower LNG prices from Mozambique 

By: Terence Creamer     13th May 2019 South Africa is failing to fully grasp the energy and economic significance of the impending development of the enormous gas reserves discovered in northern Mozambique since 2010, Standard Bank oil and gas specialist Paul Eardley-Taylor argues. Between 150- to 200-trillion cubic feet of gas has... 

First-quarter gold demand lifted by central banks, ETFs 

By: Simone Liedtke     2nd May 2019 Continued growth in central bank buying and growth in gold-backed exchange-traded funds contributed to a 7% year-on-year increase in global gold demand to 1 053.3 t for the first quarter of this year, the World Gold Council’s (WGC’s) latest ‘Gold Demand Trends’ (GDT) report shows. Gold demand... 

Nearly R3bn in investment raised for Cape Town, Western Cape in 2018/19

By: African News Agency      23rd April 2019 The Western Cape’s investment promotion agency Wesgro said on Tuesday it had helped secure R2.85-billion in investments in the province during the 2018/19 financial year which would be realised over a five year period and create nearly 1 000 jobs. It said this followed a successful fourth quarter... 

Sasol reports stabilisation in synfuels output  

By: Terence Creamer     18th April 2019 Chemicals and energy group Sasol reports that output at its Secunda Synfuels Operations (SSO) stabilised in the third quarter, following the total shutdown of the West factory during the first half of its 2019 financial year, which had negatively affected production. In a note to shareholders,... 

A$50bn minerals export boon for Australia

By: Esmarie Iannucci     29th March 2019 The Office of the Chief Economist has upwardly revised the export earnings expectations for 2018/19, from the previous estimate of A$264-billion to A$278-billion. The revised outlook came on the back of stronger iron-ore prices and a modestly weaker exchange rate, along with stronger coal... 

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