Gasol Share Discussion Threads

[teraferma] 07/6/2014 23:44

LNG carrier earmarked for Malta FSU jobAn LNG carrier has been selected to serve as a floating storage unit (FSU) for the Gasol-led import project being developed for Malta.Details of the vessel chosen have yet to emerge but a spokesman for one of the project shareholders confirms one has been secured.An official for project partner Socar Trading, which has been handling the search for and chartering of an LNG carrier, did not respond to a request for comment.Previously, Gasol has indicated the project requires a vessel of around 125,000 cbm, which will be chartered in for an 18-year period.The project's start-up schedule, however, appears to have slipped back from September 2015 to March 2016.ElectroGas Malta, comprising Gasol, Socar Trading, Siemens Projects Ventures and Maltese outfit GEM Holdings, was selected by Maltese state power utility Ene­malta as the preferred bidder to arrange the supply and import of LNG to Malta for power generation.The partners will use an FSU docked off the east Maltese town of Delimara and an onshore regasification plant of 55 million cubic feet per day (MMcfd) to 60 MMcfd to supply Enemalta's existing 149-megawatt (MW) power plant, which the state outfit will convert to run on gas. In addition, the consortium partners will build and supply gas to a new 200MW independent generating facility.Elsewhere, Gasol says it has also moved forward on its floating LNG import project for Benin in West Africa, which will use either an FSU together with a barge or a floating storage and regasification unit (FSRU). The company announced that it has inked a long-term gas-supply agreement with Ghana's power-generating company, Volta River Authority. This follows the signing of a joint-venture agreement with Ghana National Gas Co to co-operate on the marketing of imported gas from Benin and to develop a pipeline or transport system to Ghana.Gasol says it now has sufficient agreements in place to progress the development of its Benin-headquartered LNG import and regasification facilities. Socar Trading is lined up to supply the initial LNG volumes.Replying to questions, Gasol, chief operatin officer Alan Buxton said he could not comment on the preferred floating solution for the project as negotiations are still underway. Buxton says the first gas delivery to Benin is currently targeted for the end of 2015.

[flyingbull] 30/5/2014 09:54

It looks like May got off to a slow start but gradually became more lively. The challenge is now switching to June. Which oil stocks do you think will make an impact???

[bronislav] 30/5/2014 07:35

All the parts of the jigsaw puzzle being assembled just need the gas supply and ship to build the picture.very slow but great potential.

[gheebee] 16/5/2014 07:13

What a load of twaddle. Money out after money out. Where does Malta and voltage regulators fir in with the stated aim of Gasol? Gasol; a tool for its (vast) majority shareholder IMHO.

[tommytipple1] 15/5/2014 06:35

Gasol (LON:GAS) - as part of a consortium called ElectroGas Malta - has entered in to a share purchase agreement to acquire a 30% stake in Malta Power & Gas Limited."

May 14, 11:49 PM
MPGL is a special purpose company established by Malta's state power utility, Enemalta, to own and operate the LNG-to-power project in Malta that was awarded to ElectroGas in late 2013.

[teraferma] 10/5/2014 07:22

We might finally see some progress.Gas supply agreement to be signed this week.The crucial agreement between the ElectroGas consortium and the Maltese government, through which the consortium will be providing a substantial part of Malta's energy needs for the next 18 years, will be signed this week. http://www.maltatoday.com.mt/news/national/38750/gas_supply_agreement_to_be_signed_this_week

[lucky_punter] 01/5/2014 12:18

Gasol unveils new Chinese tie-up for African gas-to-power projects
By Jamie Ashcroft

Gasol (LON:GAS) has unveiled a significant new partnership to build power plants in Africa alongside China Machinery Engineering Corporation (CMEC).

[gheebee] 30/4/2014 10:12

Quite an uninspiring picture painted there. It reads as though the collectivist (Nigerian colonial?) idea of the pipeline comes a poor second to coastal states wanting a high degree of independence when it comes to sourcing their gas. Still, I like the reminder in the last line.

"AfGen is currently a wholly owned subsidiary of Gasol's major shareholder, African Gas Development Corp"

Not that Mr Buxton will need to be reminded.

[teraferma] 29/4/2014 22:01

AfGen signs joint-venture agreement for Ghanaian FSRULooks like timeframes are being moved."The development of the Benin FSRU, however, still appears at a relatively early stage. Its timeline depends on necessary agreements and financing being in place only after which it could be active 18 months later, Gasol's COO Alan Buxton told ICIS on 23 April.That would place the current timeline for first LNG imports into west Africa in 2016 at the earliest."http://www.icis.com/press-releases/afgen-signs-joint-venture-agreement-for-ghanaian-fsru/

[gheebee] 29/4/2014 10:14

"If we can get the pieces in place then the board can start to look at the value of AfGen," Buxton said.

As if they haven't already been told very clearly by the owners.

[gheebee] 22/4/2014 07:21

The "in-house" team are at it again. Let's give the privately owned AFGEN some sort of value so that wealth can be transferred out of the publicly quoted GASOL.


/201404220701391288F/

and here's just the man to help them do it.

[gheebee] 20/4/2014 07:39

It was just like being there...

hxxp://www.timesofmalta.com/articles/view/20140324/local/mepa-approves-power-station-gas-storage-facility-permits.511954

[teraferma] 15/4/2014 09:35

GBAll seems a bit "in house" with regards the deal, doesn't sit too comfortably with me.I was expecting an update from electrogas in march regarding finalisation if LNG deal. Think they are having some opposition to the positioning of the FSRU.

[gheebee] 29/3/2014 08:38

Well, if there was ever any doubt of what GASOL is all about, yesterday's RNS must have completely dispelled it.

[teraferma] 11/3/2014 22:37

All falling into place in BeninGasol's gets presidential nod The British gas company Gasol, one of the best connected in West Africa, will no longer have to hang around long for a green light from Benin's government to pen a concession accord for the sale of gas to the Communaute Electrique du Benin (CEB). (...) [215 words]

[teraferma] 06/3/2014 08:07

Decision due on power station by 24 th March.http://www.maltatoday.com.mt/en/newsdetails/news/national/Decision-on-power-station-scheduled-for-24-March-20140305

[gheebee] 28/2/2014 13:43

The friendly little arrangement whereby this plc funds a private company owned by Mr Cooper and Mr Pas continues.

[gheebee] 24/2/2014 10:45

There seems to be a link here between GAS and BLVN. I note that the deal that fell through was with GDF Suez. The same GDF Suez that has been linked with BLVN's exploitation agreement with the Cameroon Government. When the deal fell through it caused a rethink with that agreement, hence the unseemly rush with the 50th anniversary celebrations and no announcement. I wonder where this will lead?

[gheebee] 19/2/2014 08:32

They made 2m less expenses from that little exercise. Given the owners' interests and contacts in Cameroon I'd say this frees them up to have a look there now.

[teraferma] 19/2/2014 07:21

RNS Out.Acquisition now not proceeding due to pre-emption rights.hTTp://hsprod.investis.com/ir/gas/ir.jsp?page=news-item&item=1696183516921856Shares no longer suspended.

[sdt7618] 17/2/2014 19:41

Coming up for 2 months suspended, and whilst it would seem that the news once coming out of suspension should " in" theory lift the share price, and guesses as to how long this will last?

[teraferma] 28/1/2014 21:28

We should get some more details regarding the Electrogas Malta very soonLNG plant deal will be signed 'shortly'hTTp://www.timesofmalta.com/articles/view/20140125/local/LNG-plant-deal-will-be-signed-shortly-.503981#.UuggGmSQGc0