1st LNG Cargo Delivered to China’s Hainan Terminal

first_imgOn 7 August Qatargas delivered the first cargo of Liquefied Natural Gas (LNG) to China National Oil Corporation’s (CNOOC) Hainan LNG terminal located in the Hainan province.The cargo arrived aboard a Q-Max class LNG vessel Rasheeda and it will be used to commission the new LNG terminal, owned byCNOOC, which will start operating soon.Khalid Bin Khalifa Al-Thani, Qatargas Chief Executive Officer said: “This is an important milestone for Qatargas. We are very pleased that LNG from Qatar continues to contribute towards meeting the growing demand for energy in the People’s Republic of China. This achievement highlights Qatargas’ capability to supply LNG to customers around the globe safely and reliably. This delivery will further strengthen the relationship between both companies over the long-term.”“Under the guidance of His Excellency Dr. Mohammed Saleh Al Sada, Minister of Energy and Industry of the State of Qatar and Chairman of the Board of Directors at Qatargas, Qatari LNG has a key role to play in contributing to countries around the world in improving their diversity of energy supplies. The commissioning of CNOOC’s Hainan LNG terminal will meet the growing demand for energy in the People’s Republic of China, and we at Qatargas are very proud to have played a contributing role.”Qatargas and CNOOC have an existing Sales and Purchase Agreement signed in 2008 for the supply of a total of 2 million tonnes per annum (MTA) of LNG. The first delivery of LNG from Qatar to China with CNOOC was made in October 2009.Qatargas is the world’s largest LNG producing company with a production capacity of 42 MTA. The State of Qatar, as the world’s leading LNG producer, anticipates that the People’s Republic of China will become one of the world’s largest gas markets.The Hainan LNG terminal, located in China’s Hainan province, will have a first phase receiving capacity of 3 MTA adding to CNOOC’s operating LNG terminals located in Shanghai Municipality, and the provinces of Guangdong, Fujian and Zhejiang thus maintaining its position as China’s largest LNG importer. This is the third time Qatargas has provided a commissioning cargo for one of CNOOC’s LNG receiving terminals and represents the sixth LNG receiving terminal overall in China to use LNG supplied by Qatargas for commissioning activities.last_img read more

Company Announced to Modernize the Registry of Joint Stock Companies

first_img most transactions will be able to be submitted online 24/7; no need to mail in or deliver in person smart forms and online help will let the user know if anything is missing before they submit, thus avoiding further back-and-forth delays users will be able to track the progress of their transaction, rather than needing to call to find out when it will be completed user data entry will enable staff to focus on adding value and adjudication of complex filings, rather than answering status calls or entering data, greatly reducing wait times. Nova Scotia businesses can expect a new and improved Registry of Joint Stock Companies IT system by fall 2019. After a competitive selection process, Enterprise Registry Solutions Ltd. of Dublin, Ireland, has been identified as the selected vendor. It will begin work to modernize the new IT system immediately. Since 2002, the company has been developing and implementing business and corporate registry solutions around the world. It is a wholly owned subsidiary of ISC, a leading Canadian provider of registry and information management services for public data and records. “We’re looking forward to the expertise this company can bring to the project,” said Service Nova Scotia Minister Geoff MacLellan. “A new, modern system will better meet the needs of Nova Scotia’s business community and reduce red tape allowing businesses to dedicate their time and finances on what’s most important, which is growing their businesses, creating opportunities for Nova Scotians and serving their customers.” The Office of Regulatory Affairs and Service Effectiveness has estimated that modernizing the Registry of Joint Stock Companies system will save businesses about $7 million annually. It contributes to government’s red tape reduction initiative. Efficiencies include: This is one of many initiatives Service Nova Scotia is leading to better serve the business community and Nova Scotians. The contract is valued at about $7.1 million, over a 10-year period. Representatives from the business and legal communities have already been involved in this project, and will be invited to provide further feedback along the way. Law requires all businesses operating in Nova Scotia to register with the Registry of Joint Stock Companies, with a few exceptions. The current IT system is more than 20 years old.In April 2016, government announced that a government-led approach would be undertaken to modernize the land, vital statistics, joint stock companies and motor vehicle registries and transform client service at Service Nova Scotia. It is estimated that this transformation will take six to eight years to complete.last_img read more