Natural Gas Utilities

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Sinwa Ltd's subsidiary announces incorporation of subsidiary in Thailand

Friday, 4 Jul 2014 06:25am EDT

Sinwa Ltd:Says wholly owned subsidiary, Sinwa Offshore Pte. Ltd. (SOPL) incorporated Sinwa (Thailand) Ltd. (STL) in Thailand on June 18 with an issued capital of THB 4,000,000 consisting of 19,600 ordinary shares and 20,400 preferential shares.SOPL holds 49 pct equity interest (19,600 ordinary shares) in STL, with the remainder (20,400 preferential shares) being held by two local Thai nationals, as per Thailand regulations.

SHIZUOKAGAS CO LTD to establish new subsidiary

Tuesday, 24 Jun 2014 06:00am EDT

SHIZUOKAGAS CO LTD:To establish a new subsidiary, engaged in electricity generation and sales of electricity, in Shizuoka on July 2.

Sinwa Ltd announces incorporation of wholly-owned subsidiaries in Singapore

Monday, 16 Jun 2014 07:26am EDT

Sinwa Ltd:Incorporates SB Barge Pte. Ltd as wholly-owned subsidiary of the company.Says Principal activities is Operators of Barges, Tugboats and Bumboats Other Transportation Support Activities nec and.Says its wholly owned subsidiary, Sinwa Marine Pte Ltd (SMPL) has incorporated incorporated the following wholly-owned subsidiaries.Sinwa Marine Services (Qingdao) Pte. Ltd.Sinwa Marine Services (Dalian) Pte. Ltd, and.Sinwa Marine Services (Tianjin) Pte. Ltd.Says Principal activities is Repair of Ships, Tankers and Other Oceangoing Vessels (Ship Repair including Steel Work, Piping and Fabrication of Marine Modules).

KYUNGDONG CITY GAS CO.,LTD to set up subsidiary

Wednesday, 15 Jan 2014 01:05am EST

KYUNGDONG CITY GAS CO.,LTD:Says to invest 12 billion won to set up a wholly owned subsidiary, to drive its development business.Says the subsidiary will be engaged in the development business and will be capitalized at 12 billion won.Says expected transaction settlement date of Mar. 31.

Energtek Inc Announces Creation of American Subsidiary for Activities in USA

Wednesday, 20 Nov 2013 09:28am EST

Energtek Inc announced that the Company rolling-out its solutions in the U.S. market through its newly-founded fully-owned subsidiary, AMP - American Mobile Pipeline Inc. (AMP) The creation of AMP is the result of a strategic decision by Energtek to focus efforts in the North American market, in order to develop supply activities and solutions to energy consumers who are not connected to the pipeline. This strategic decision was taken by the Board of Energtek as a result of a thorough analysis of the North American energy market in general and the U.S. specifically.

Lietuvos dujos AB Updates on Establishment of Subsidiary

Tuesday, 29 Oct 2013 08:00pm EDT

Lietuvos dujos AB announced that its Board of Directors has adopted the decision to establish a subsidiary, the legal form of which is a private limited liability company and to which the natural gas distribution activity of the Company will be later transferred together with the assets, rights and obligations attributed to such an activity. The authorized capital of the subsidiary will amount to LTL 1,000,000. The decision to establish the subsidiary was adopted in accordance with the provisions of the Law on Natural Gas of the Republic of Lithuania and other legal acts of the Republic of Lithuania regulating the unbundling of the distribution activity. The extraordinary General Meeting of Shareholders of the Company held on May 28, 2012 adopted the decision to perform the unbundling of the distribution activity of the Company by establishing the subsidiary of the Company and by transferring the Company’s natural gas distribution activity (complex of assets) to such subsidiary together with the assets, rights and obligations attributed to such activity as the contribution in kind for the shares of the subsidiary in accordance with the terms provided for by the legal acts. It is expected that the legal, functional, and organizational unbundling of the distribution activity will be completed not later than by October 31, 2014 as provided by legal acts.

GAIL (India) Ltd Plans To Open Office In Dubai To Explore Opportunities-Business Standard

Monday, 15 Jul 2013 08:47am EDT

Business Standard reported that GAIL (India) Ltd plans to open an office in Dubai soon, a senior official said. GAIL's Director (Marketing) Prabhat Singh said, the Company have opened it's wholly owned subsidiary, namely, GAIL Global (Singapore) Pte Ltd in Singapore for managing investments abroad and the Company looking for further business opportunities through this subsidiary company.

Egypt Gas Co to Open Branch in Iraq

Monday, 17 Jun 2013 08:00pm EDT

Egypt Gas Co announced that its Board of Directors has approved the opening of a branch in Iraq.

GAIL (India) Ltd Plans Foray Into LNG Shipping-Business Line

Monday, 27 May 2013 08:00pm EDT

Business Line reported that GAIL (India) Ltd said it targets to foray into liquefied natural gas (LNG) shipping business post 2017. In July, the public sector company plans to invite expressions of interest (EoI). B.C. Tripathi, Chairman and Managing Director of India’s natural gas distributor said that around seven-eight LNG carriers would be available with the Company in the next three-four years on a long term charter or ownership basis. However, till 2017, GAIL would depend on spots cargoes on delivery basis. GAIL has signed long term agreements for 3.5 million tonnes per annum with US based Sabine Pass Liquefaction Company that would start in 2017-2018. The Company has also signed long term deal with Gazprom for 2.5 million tonnes a year from 2018-2019.

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