Vopak Expands Share in Pakistans LNG Terminal

first_imgzoomIllustration; Image Courtesy: LNG Carriers/ Flickr-Kees Torn under CC BY-SA 2.0 license Tank storage company Royal Vopak is to acquire 44% in Elengy Terminal Pakistan Ltd (ETPL) in separate transactions with International Finance Corporation (IFC) and Engro Corporation.This includes the acquisition of a 29% share announced in July 2018 when Vopak bought the stake in ETPL from Engro Corporation.ETPL’s wholly owned subsidiary, Engro Elengy Terminal (Pvt) Ltd (EETPL) owns an LNG facility which is located in Port Qasim in Pakistan, adjacent to the Engro Vopak chemical terminal on the mainland side of the channel into Port Qasim. The facility has been in operation since 2015 and is the first LNG import facility in Pakistan.The facility consists of an LNG jetty including a 7.5 km high pressure gas pipeline. This pipeline is connected to the grid of EETPL’s sole customer Sui Southern Gas Company, a Pakistan government-owned entity. EETPL holds a 15-year floating storage and regasification unit (FSRU) time charter.The liquefied gas is supplied, under long-term contracts, via LNG carriers from various exporting countries to the FSRU, which is moored to the EETPL jetty and connected to its pipeline. The regasification takes place on the FSRU and the gas is transferred to the mainland.Following the completion of the transaction, the shareholders in ETPL will be Engro Corporation and Royal Vopak.As informed, the acquisition is subject to certain conditions and closing is anticipated to take place in the first quarter of 2019. The first transaction is still planned to be completed in the fourth quarter of 2018.last_img read more

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Art within reach

first_imgIt is time for Gallerie Nvya’s much awaited annual show Within Reach driven with the intention of displaying well priced works of masters alongside new works by emerging artists . The quality as well as the priceline of the art works is the main criteria of selection. Within Reach, in its fifth year, is targeted essentially at discerning collectors who want to collect remarkable works at incredible prices! The art works are in varied genres and mediums like paintings, drawings, serigraphs, sculptures and installations. And the works come from a host of 50 artistes from across the country.  Also Read – ‘Playing Jojo was emotionally exhausting’Priced reasonably, each of the works is selected after serious deliberation on the individual profile and work corpus of the respective young artist. For Nvya this is an opportunity to share and make available art that stands on the threshold of recognition and is filled with promise. Through the show they provide a platform for emerging artists in a space shared with more established names; affirm aesthetic sensibility, and celebrate the creative impulse that weaves colour and form into variegated manifestations of visual reality.Art galleries had a formidable aura in earlier times, a standoffish, snobbish setup which was interpreted as elitist by many, especially the young and not so affluent. With passage of time, this has changed to some extent. Gallerie Nvya has made this little endeavor with the Within Reach series of exhibitions to modify and revise this myth. Whether you are buying a piece or not -head over!last_img read more

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App to assist small tea growers of Bengal for production boost

first_imgDarjeeling: Small tea growers are all set to become tech-savvy. An mobile phone app was recently launched in Jalpaiguri by the Tea Board of India. Different issues pertaining to manufacturing, fertilizers, pesticides along with problems can be sorted out through this app.The app has been developed so that Indian small tea growers are at par with international market standards. “Everyone uses smart phones these days, including the small tea growers. This app will help them in every way vis-a-vis tea cultivation. A new horizon will open up for the small tea growers through this app,” said Bijoygopal Chakrabarty, Secretary of the All India Small tea Growers’ Association. Also Read – Rs 13,000 crore investment to provide 2 lakh jobs: MamataCiting an example, Chakrabarty said if there is a pest attack or a disease outbreak, the grower can upload pictures on the app. Immediately, he will be given advice on what the pest is or the disease, including the remedial measures through the app. Daily weather updates including rain, temperature can be obtained through this app. How one has to tend to the tea bushes as per climatic conditions all these advices will be given through the app. The app will act as a notebook for the small tea growers, he said. Also Read – Lightning kills 8, injures 16 in state”Small tea growers do not follow a standard system. If they follow the proper system and instructions yield can be doubled. Quality will also improve. Small tea growers contribute to 50 per cent of the gross production of tea in India,” said Sandip Ghosh of the Indian Tea Board. An NGO from Netherland has tied up with the Indian Tea Board to impart training. “We will provide support to small tea growers. In case of major pest attacks or disease outbreaks we will even send experts to the tea growers to mitigate the problems” said Ranjan Sarkar, Asia Coordinator. Altogether, 60,000 small tea growers from West Bengal, Assam and Tamil Nadu will be initially brought under the smart growers training programme through the app. The target is to develop 10,000 smart tea growers in Bengal alone in the next three years. At present, there is over 1.40 lakh acres under small tea cultivation in West Bengal. There are around 40,000 growers who employ another 50,000 workers in the state.last_img read more

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