International

Technip, in a consortium with National Petroleum Construction Company (NPCC), was awarded by Zakum Development Company (ZADCO) a lump sum engineering, procurement, fabrication, installation, commissioning and start-up contract for the Upper Zakum 750K project in Abu Dhabi, UAE.

Debt-stricken Greece has renewed its support for the Trans-Adriatic Pipeline (TAP) which could improve the pipeline's chances of winning a long contest against Nabucco West, also competing for transporting Azeri gas to the EU.

The European Investment Bank (EIB) and the Italian-based Cassa depositi e prestiti (CDP) approved a 20-year finance contract worth EUR 400 million for Snam Spa.

Global oil consumption increased by 0.7% in 2011 to reach an all-time high of 88.03 million bpd, according to research conducted by Worldwatch Institute (www.worldwatch.org) for its Vital Signs Online service.

Russian President Vladimir Putin wants the South Stream consortium to make a final investment decision by November and insists that Gazprom start construction work by the same date on the pipeline’s section in the Black Sea.

Over recent years the United Kingdom has become ever more dependent on the import of gas to supply its energy needs, presenting risks for its future energy security.

Itron Inc. was awarded a contract by Turkey’s largest private gas utility, AKSA, to provide residential as well as commercial and industrial (C&I) gas meters.

The reduced demand from Gazprom, one of Russia’s largest pipe buyers, is a disappointment to pipe plants that invested heavily in new technology to position themselves as its suppliers of choice. Gazprom reached a record last year, buying 2.2 million tons of big-diameter pipes.

Qatargas Operating Company Limited (has signed a new long-term LNG Sales and Purchase Agreement (SPA) with the largest Japanese LNG buyer, Tokyo Electric Power Company, Incorporated (TEPCO).

Iranian officials said a 25-km pipeline to transfer oil products to Afghanistan is now being assessed and will likely be implemented in the near future once the the study is completed.

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