EU Commission Rewards LNG Project in Sweden

first_img此页面无法正确加载 Google 地图。您是否拥有此网站?确定 My location zoom Two projects in Sweden have been considered sufficiently important to merit inclusion in the EU list of infrastructure projects that are of common interest for the European Union (PCI, Project of Common Interest). One of the projects is the LNG Terminal in Gothenburg that Swedegas and Vopak plan to build in collaboration with the Port of Gothenburg. The project satisfies the criteria laid down by the Commission: it will contribute to market integration and further competition, it will enhance security of supply and it will reduce CO2 emissions.“The Commission is focusing on infrastructural investments in preparation for the European Union’s adjustment to renewable energy sources,” says Lars Gustafsson, CEO of Swedegas. “We are extremely pleased that our project has acquired this status.” Increased interest in infrastructural investmentsA simplified permit-granting process and financial support are two potential benefits for the PCI project. When the announcement was made, European Commissioner for Energy Günther Oettinger spoke about the need to attract investment in a modern energy infrastructure. The EU has estimated that infrastructural investments totalling EUR 200 billion are required to achieve the energy and climate goals for 2020. The PCI process is a means of highlighting and rewarding projects that “give customers value for money in an integrated market”.The Swedish Energy Market Inspectorate and other regulatory bodies in the EU have been involved in evaluating the different projects. The first PCI list to be published by the European Commission includes around 250 energy infrastructure projects that the Commission has chosen to achieve an integrated market in a variety of sectors, including electricity and gas.Collaboration with RotterdamThe LNG Terminal in Gothenburg is also part of a project being run together with Port of Rotterdam and Gasunie to create an efficient LNG infrastructure between Sweden and the Netherlands. The project recently received EUR 34 million in EU funding in the form of a TEN-T grant in order to develop an infrastructure that will facilitate cleaner transport at sea.One of the primary aims of the LNG Terminal is to meet the stricter EU sulphur emission requirements that will be imposed on shipping. The Terminal is scheduled for completion in 2015. Print Close Swedegas, November 19, 2013last_img read more

Police told to investigate claims President will die soon

Former Navy sailor and now astrologer Wijemuni Vijitha Rohana de Silva had made the claims on social media. He is noted for his assault on Indian Prime Minister Rajiv Gandhi in 1987. Bopage said that there was a threat to the life of the President through the claims made by the astrologer and so it must be investigated.Meanwhile, it is understood that the President’s office had distanced itself from the statement made by Bopage to the media. (Colombo Gazette) The police has been asked to investigate claims made by an astrologer that President Maithripala Sirisena will die before January 26 next year.Media Ministry Secretary Nimal Bopage said that the claims on the President was being circulated on social media. He said that the claims made by the astrologer are false and so the police has been asked to investigate the “conspiracy”. read more

West Fraser results far below expectations as lumber prices duties bite

VANCOUVER — West Fraser Timber Co Ltd. reported a loss in its second quarter as it saw a substantial reversal compared with a year ago as lower lumber prices and export duties cut into its results.The Vancouver-based company says it lost $58 million or 85 cents per share in the quarter compared with earnings of $346 million or $4.52 per share in the same quarter last year.Sales totalled $1.32 billion, down from $1.83 billion a year ago.On an adjusted basis, it lost $17 million, or 25 cents per share for the quarter ending June 30, compared with earnings $397 million or $5.19 a share last year.The results were well below analyst expectations of adjusted earnings of nine cents per share according to Thomson Reuters Eikon. In the quarter, West Fraser announced the permanent closure of its Chasm, B.C. lumber mill and a shift reduction at its 100 Mile House mill in response to high log costs in the province and lumber prices that are much lower than the record highs of last year.The company cut about 250 million board feet of permanent and temporary lumber production in the first half of the year, while permanent reductions are expected to cut its annual capacity by 614 million board feet. Companies in this story: (TSX:WFT)The Canadian Press read more