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Germany's Linde unveils new Chinese joint venture
Frankfurt (AFP) April 6, 2009 German industrial gases group Linde said Monday it would create a joint venture with the Chinese group Sinopec to provide gas to a chemical complex in the central city of Chongqing. The new company should be set up by June and would be held in equal parts by both partners, a statement said. Initial investment would total around 50 million euros (68 million dollars). Linde has already signed agreements with Chinese companies in the chemical and petrochemical sectors, and employs around 2,500 people in China at its own activites and through various joint ventures. Related Links Powering The World in the 21st Century at Energy-Daily.com
Analysis: Oil and Gas Pipeline Watch
Washington DC (UPI) Apr 29, 2009Iran is not excluded entirely from emerging as a possible natural gas supplier to the Western-backed Nabucco pipeline, U.S. representatives said. Turkey has a key role to play as an important energy hub in the European drive to diversify regional natural resource transit options, Czech officials said. The Calgary-based TransCanada Corp. began its permit process for an Alaska gas pipeline by submitting plans to a U.S. energy commission for review. |
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