“In view of the prolonged uncertainty of the RTLD project, the parties to the shareholders agreement for Regas have mutually agreed to terminate the said shareholders agreement effective Feb 10, 2016,” the report said.
Petronas was working with government-run Sabah Energy to complete the project, which had been scheduled to be completed in 2015. The smaller state-focused company was offered up to 20% interest in the project in September 2012. The venture was expected to have a production capacity of 760,000-1 million tonnes of LNG per year.
The site faced a number of security obstacles due to the Lahad Datu insurgency in February 2013. In late June 2015, a stop work order was declared in the face of continued security issues.
QatarEnergy has struck a USD 6-billion deal with the China State Shipbuilding Corporation (CSSC) to build 18 of the largest… Read More
Chevron has signed a deal with NAMCOR to develop an offshore block in the Walvis Basin, the Namibian NOC was… Read More
Ørsted’s Greater Changhua 1 and 2a offshore wind farms are in operation in Taiwan and their combined 900 MW of… Read More
SkyPower Global has signed a 1-GW power purchase agreement with state-owned Zambia Electricity Supply Corp Read More
The government of Angola has approved Afentra’s acquisition of a 12% non-operating interest in offshore Block 3/05 and a 16%… Read More
TotalEnergies has agreed with US player Vanguard Renewables to jointly develop renewable natural gas (RNG) in the USA, the French… Read More
This website uses cookies.