Chinese Natural Gas Deals in Central Asia Foreshadow Expanded Pipeline Project
Posted Wednesday, June 23, 2021 at 11:15pm
On June 18, CNPC Chuanqing Drilling Engineering Company Ltd. (a subsidiary of CNPC) won a tender from Turkmenistan’s state-owned enterprise, Turkmengaz, to develop new wells at the Galkynysh gas field (which is among the world's largest). In a separate development, on June 21, Kazakhstan-based Sozak Oil and Gas JSC was reportedly close to finalizing a $1.2 billion EPC contract with China’s CAMC Engineering for a natural gas project that ...
China Seeks Stake in Hamburg Container Terminal, Would Become First Non-German Stakeholder
Posted Wednesday, June 9, 2021 at 2:21pm
On June 4, state-owned COSCO Shipping Ports and Germany's Hamburg Hafen Logistics confirmed that they are in negotiations over the acquisition of a minority stake by the Chinese company in one of four container terminals at the Port of Hamburg: specifically, Container Terminal Tollerort (CTT). Although it would be only a minority stake acquisition, if realized, the deal would be the first time a non-German operator buys into the country’s ...
Russia to Partner with Finnish Company to Further Explore Building Scandinavia into Strategic North-South Transport Corridor
Posted Wednesday, June 9, 2021 at 1:40pm
On June 3, Finnish logistic services provider Nurminen Logistics signed a memorandum of cooperation with RZD Logistics, a subsidiary of state-owned Russian Railways (RZD), to study logistics opportunities in Scandinavia, Asia, and Europe within the framework of the Moscow-led International North-South Transport Corridor (INSTC).