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PGN joins with Chinese company to develop LNG business in China

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first_img“This partnership will open opportunities to work together in developing the small-scale LNG industry in China as well as in the region,” Syahrial said on Tuesday, as quoted by kompas.com.He added that there was also a possibility for the gas company to cooperate with other companies as China had great potential and various business opportunities.Read also: PGN mulls global bonds issuance to fund capital expenditurePNG’s recent move is expected to support its vision of becoming a player in the international LNG market, as global demand for LNG has steadily increased thanks to a hike in energy consumption in recent years.According to PGN’s estimation, China’s potential demand for gas will increase by over 15 percent annually. As such, PGN’s expansion into China is the right move to add to the firm’s portfolio, Syahrial said.The state gas company also aims to run six cargos for the global markets, including one or two cargos to Japan this year. The firm saw potential for up to nine cargos to Myanmar by 2021 and 18 cargos for the Philippines by 2023, Syahrial went on to say.”These programs aim to give benefits [to receiving countries] through our strong capacity for LNG infrastructure,” he said. (mai)Topics : Publicly listed gas company PGN will partner with a Chinese company to bolster its liquefied natural gas (LNG) development in China, the firm’s executive has said.PGN strategy and business development director Syahrial Mukthar said the firm had signed a memorandum of understanding (MoU) on Friday last week with engineering, procurement and construction (EPC) and manufacturing company WnD (Liaoning) Heavy Industry Co.The Chinese company will provide logistical solutions for the plan over the next year.last_img read more

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UK government publishes DC charge-cap guidelines, transparency rules

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first_imgIn line with this, insurance providers are to be forced to ensure their schemes are independently scrutinised, also by April 2015.Webb said the requirement for governance committees in non-trust schemes means there would be, for the first time, a body acting on behalf of members in every pension scheme.The 75bps charge cap move by the government represents a much harder line than three previous options put out to consultation.In October 2013, the Department for Work & Pensions (DWP) suggested imposing either an absolute 75bps or 100bps cap, or allowing a comply and explain mechanism between the two.The consultation, however, led to further complications for the government, as it was forced to delay its response and suggested measures, with a cap initially expected to be in place by next week, and not 2015.However, after eventually forging a response, the 75bps will also be joined by increased transparency requirements for pension schemes.Under a new legal duty, trustees and independent governance committees will be forced to demand all charge data from providers, in order to scrutinise value for money.The government is also to consult with the Financial Conduct Authority on how to define additional member transaction costs for disclosure, and how to include this in the cap.“Over the next 10 years, the new charge cap will transfer £200m from the profits of the pensions industry to the pockets of savers,” Webb said.“To shine some light into the dark corners of the pensions industry, we will enforce full transparency on all charges faced by pension members. People need to have confidence [they’re] putting money into good pension schemes where their money will be looked after.”In additional moves, the government will also outlaw active member discounts, where charges are added when a member moves employers and ceases contributions.It will also outlaw consultancy charging and commission, where members are charged, via the scheme, for services received by their employer or sales commission. The UK government has moved to cap the charges borne by members saving into auto-enrolment defined contribution (DC) schemes, as its overhaul of the market continues.Announcing the reforms in Parliament, pensions minister Steve Webb said the proposed 75 basis point cap on DC default fund charges would be in place by April 2015.Schemes with all-inclusive annual and default fund charges will also see equivalent caps put into place.The government will also compel DC pension providers to reveal fully all member-borne charges to either trustees or independent governance committees in the case of non-trust DC schemes.last_img read more

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EPL: Watford climb out of relegation

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first_imgRelatedPosts Trio of signings make instant impact as Everton stun Spurs Watford appoint new head coach EPL: Watford battle Gunners for survival Watford moved out of the relegation zone as their stunning revival under new manager Nigel Pearson continued with a 3-0 victory at south coast strugglers Bournemouth on Sunday. Abdoulaye Doucoure’s goal shortly before half time gave Watford the lead and Troy Deeney smashed in their second midway through the second half. Bournemouth offered little by way of a response and substitute Roberto Pereyra completed the rout in stoppage time. Watford produced an impressive display to climb out of the relegation zone. The win, Watford’s fourth in the six games since Pearson took charge with them bottom of the table, lifted them to 17th place, ahead of Aston Villa who play Manchester City later. While Watford, who won only one of their opening 17 league games, are on the up, Bournemouth’s hopes of a sixth successive season of top-flight football are sinking. Eddie Howe’s side looked short on confidence as they slipped to their third successive defeat without scoring a goal. They are second bottom with 20 points from 22 games having been as high as seventh in early November.Tags: Abdoulaye DoucoureNigel PearsonRoberto PereyraTroy DeeneyWatfordlast_img read more

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Gerrard revels in Coutinho ‘brilliance’

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first_img Press Association The Brazil international has scored once, had two assists and looked one of the side’s brightest players in recent matches and although he has yet to complete a full 90 minutes, having been substituted in his three starts, Gerrard has no fears the youngster will be unable to handle the pace of the Premier League. “I think you’ll see the best of him next season when he gets a full pre-season under his belt and gets used to the speed of the game,” Gerrard added. “What he has shown for 55 or 60 minutes is that he’s a top player and he belongs in a Liverpool shirt. If we can get that for 90 minutes from him next season then he’s going to be a great asset for us.” Team-mate Jose Enrique is another similarly impressed by Coutinho’s start to his Anfield career. “The numbers speak for themselves: in four games he has two assists and one goal so I hope he will continue like this scoring goal and making assists,” said the left-back, who combined well with the Brazilian in the build-up to Liverpool’s first goal against Tottenham last weekend. “He is the type of a player, as a big team, you have to have. He can create from nothing in a one versus one. He is playing really well right now and he is the type of player we need. “Defenders are important but you need people who can score goals and we have now.” January signing Philippe Coutinho’s “moments of magical brilliance” have given Liverpool just the lift they needed, according to captain Steven Gerrard.center_img The 20-year-old has played just 202 minutes since his £8.5million arrival from Inter Milan but his impact has already been significant. “He’s got moments of magical brilliance,” said the Reds captain of Coutinho, who is already on his fourth professional club having left Vasco da Gama for Italy in 2010 and also spent six months on loan at Espanyol. last_img read more

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Star stallion Beneficial dies

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first_img The leading sire of Graded and Listed jumps winners collapsed on Saturday due to the infirmities of old age. His big-race winners include Benefficient, who was victorious in the Jewson Novices’ Chase at the Cheltenham Festival in March, three-times Grade One chase scorer Realt Dubh, 2009 RSA Chase hero Cooldine and smart staying hurdler Monksland. Star Irish stallion Beneficial has died at the age of 23. Press Associationcenter_img Sean Kinsella, of Knockhouse Stud, where Beneficial had resided since he was a six-year-old, said: “Horses like him don’t come around too often and he’ll be missed by everyone. He only covered a lot of average mares, but the quality of his stock was exceptionally good. “He had four winners alone in Ireland on Sunday, so that just shows you how good he was. “It’s a big loss to Irish racing – whether we’ve got anything close to what he was like, I’m not so sure. “He was a six-year-old when he came to us and has been a great servant. “I’m sure his legacy will live on throughout the years.” last_img read more

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United impress in Real victory

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first_img It took Carlo Ancelotti’s team just six minutes to equalise though. Michael Keane, making his first start of the tour, clambered all over Bale’s back and the Welshman went to ground to earn a penalty. The former Tottenham winger converted the spot-kick to David de Gea’s left. Bale tested De Gea with an overhead kick, but United remained on top and they deservedly regained the lead nine minutes from half-time. Young cut in from the left and floated a ball to the back post. Rooney missed as he jumped for the header, but his body movement was enough to wrong-foot Casillas and the ball sailed in at the far post. Welbeck suffered an injury and came off for Wilfried Zaha just before the break. Van Gaal made three substitutions at half-time, and another three on the hour. With Rooney, Ander Herrera and Juan Mata off the pitch, United were nowhere near as strong. Bale struck a post with a dipping free-kick. Madrid fans called for Ronaldo’s introduction, yelling his name as he warmed up on the touchline. Then, with 17 minutes left, the decibel levels rocketed inside the Michigan Stadium as Ronaldo replaced Alvaro Arbeloa. The Portuguese wowed the crowds with a couple of neat step-overs, but he could not swing the match in Real’s favour. Hernandez put the result beyond any doubt when he nodded in Shinji Kagawa’s pin-point pass from close range in the 80th minute. A US record crowd of 109,318 watched United’s new manager rack up his fourth win of the summer thanks to two goals from Ashley Young and another from substitute Javier Hernandez. Even the second-half introduction of former United star Cristiano Ronaldo could not help an out of sorts Madrid, whose only goal came courtesy of Gareth Bale’s penalty. Van Gaal, who has recorded wins over the Los Angles Galaxy, Roma and Inter Milan in the US, will now take his squad to Florida for the final of the International Champions Cup. There, Van Gaal will get his first taste of United’s bitter rivalry with Liverpool, who qualified for the final after Manchester City lost 5-4 on penalties to Olympiacos following a 2-2 draw in Minneapolis. Real Madrid’s starting XI did not include Ronaldo, and new signings Toni Kroos and James Rodriguez, but there were still plenty of stars on show in white. The likes of Bale, Luka Modric and Xabi Alonso were second best in the opening half though as United dominated from the off. Darren Fletcher in particular impressed early on. The Scot dictated play from deep, spraying passes across the vast surface in Ann Arbor. United’s captain for the night flashed a shot wide from 20 yards after 13 minutes and soon after he played a big part in the brilliant first goal. The midfielder played the ball into Wayne Rooney, who returned it with a deft backheel. Fletcher then squared to Danny Welbeck, who teed up Young and he drilled the ball past Iker Casillas at his near post. The final move, and the 20-plus passes that preceded it, made the goal very pleasing on the eye. Louis van Gaal claimed his biggest scalp of pre-season as Manchester United beat European champions Real Madrid to set up a Miami meeting with Liverpool. Press Associationlast_img read more

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Mourinho confident of title win

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first_img “We know his hamstring is not a strong one. He works hard through the week to compensate the weakness he has there but the injury can come. “If he is injured then we have Remy, we have Drogba. we never cry about injured players.” Costa can at least expect to miss Spain’s forthcoming games against Ukraine and Holland, but despite the added rehabilitation time, Mourinho would rather be pressing on with the domestic calendar. “For Diego (the break) is good, because imagine we play three matches in one week, that’s three matches he doesn’t play,” the Portuguese added. “But in this moment we have nine matches to play and I would like to play every week, so it’s not good for us.” Chelsea goalkeeper Thibaut Courtois gifted Abel Hernandez an equaliser just a minute after Ahmed Elmohamady made it 2-1, side-footing a back pass straight to the City striker. But Tigers boss Steve Bruce believes the Belgian’s brilliance later in the piece was crucial to the outcome. Courtois produced a sensational triple save from Elmohamady, Jake Livermore and Gaston Ramirez in the 64th minute to keep the scores level. “The big turning point in the game was where Courtois pulls off three saves which change the course of the game,” said Bruce, who was nevertheless delighted with his side’s endeavour. “That’s as good as we’ve played for a long, long time, against the best team in England. “We’re obviously disappointed to lose the game because I don’t think we deserved that. “We gave Chelsea a hell of a run for their money and on another day it could have gone our way. “I’m sure we’ve got enough and I’m convinced if we play like that, we’re good enough to stay in this division.” Jose Mourinho remains “pretty confident” his Chelsea side will be crowned Barclays Premier League champions, but Diego Costa is an injury concern for their title run-in. “I’m not pretty sure, I’m pretty confident. I believe in my players, I believe that we can do it but I know it’s difficult,” he said. “I keep thinking the same, the title race should be over. In normal conditions, Chelsea should have eight, 10, 12 points more than we have; title race over. “But football is unpredictable and the reality is we have a six-point lead, one game in hand, which is our best situation for the whole season.” Costa’s short-term involvement is an open question, though. The Spain striker claimed his 20th goal of the season with a wonderful curling effort to put Chelsea 2-0 up inside nine minutes following Eden Hazard’s opener, but Costa hobbled off with a hamstring injury. His exit allowed for Remy’s match-winning arrival, but whether he emerges from the imminent international break in match condition is uncertain. “When a striker is playing, the team needs a goal to win the game and with 15 minutes to go the striker, a guy with a lot of experience of hamstring injuries, says ‘it is over for me’, then it is over for him,” said Mourinho. “He has this problem. He tried to play the Champions League final for Atletico (Madrid, last season) and was injured again and again and again. He has this fragility. The Blues restored their six-point lead over Manchester City with a 3-2 win over spirited Hull on Sunday and retain a game in hand against rock-bottom Leicester. That makes them heavy favourites to lift the trophy and Mourinho was happy to accept the role of front-runners after Loic Remy grabbed a 77th-minute winner at the KC Stadium. Press Associationlast_img read more

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FL man injured while prying open alligator’s mouth to save dog

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first_imgThey don’t call dogs “a man’s best friend” for nothing!A Florida man was injured Friday after prying open an alligator’s mouth to rescue his beloved labrador retriever.The unidentified man reportedly heard the commotion inside his home and ran to his backyard where he found  the reptile with the dog in a canal, according to My Sun Coast.He then jumped in, wrestled the gator’s mouth open and retrieved the injured dog.Both sustained injuries but are expected to be okay, according to a Florida Fish and Wildlife representative. If you believe an alligator poses a threat, call 866-FWC-GATOR (866-392-4286) https://t.co/EB4RhqRmPR #Florida pic.twitter.com/zZg9M2CtZT— MyFWC (@MyFWC) August 1, 2019 Authorities captured the nearly 10-feet long gator, Friday evening.The FFW urges anyone with concerns about an alligator to contact its Nuisance Alligator Hotline at 866-FWC-GATOR.last_img read more

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Badgers snap 6-game losing skid

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first_imgUW head coach Mike Eaves has been preaching that Wisconsin’s sinking ship was sailing into adverse weather conditions. As the losses continued to pile up and heads began to sulk, Eaves maintained that it takes time to turn around a heavy ship.After Saturday’s performance, it seems that Wisconsin finally has begun to navigate through the storm.Netting goals in the first and last minute of the second period while receiving 19 saves from backup goaltender Shane Connelly, the Badgers snapped their six-game losing streak and shut out the Michigan State Spartans 2-0, one night after losing another heartbreaker to Michigan 4-3 in the College Hockey Showcase.”We’ve played some pretty good hockey, and it’s nice for these young men to get a win,” Eaves said. “We had a collective sigh of relief that they finally get rewarded for their hard work.”In hopes of breaking their longest losing streak in 10 years, Eaves decided to dress one extra defenseman, utilizing seven blueliners rather than his usual six. Eaves also gave Connelly, who hadn’t seen time on the ice since Oct. 7, the start during the team’s morning skate. “We were at a point where we needed to stimulate growth, offense, something different,” Eaves said. “I wore a brown suit tonight, and I never wear brown. It’s getting to that point.”The two moves proved invaluable, as Wisconsin blocked 20 of the Spartans’ 35 shots on the night. However, when shots did get past the Badger line, Connelly was right there to stymie Michigan State for his first shutout of the season.”I wanted to go out there and help give the team a chance to win,” Connelly said. “It was a weight off my shoulder to finally get out there and show the coaching staff and the team what I can do.”For the second consecutive night, Wisconsin jumped out to an early 2-0 lead thanks to goals from Andrew Joudrey and Ben Street.Not only was Joudrey’s goal a big lift for the Badgers, but it also lifted a monkey off his back, as the captain had been unable to find the net in Wisconsin’s last nine games.”I’ve been getting teased by the coaching staff for hitting posts and crossbars, so it’s nice to get one,” Joudrey said. “Much like the other guys, I’ve been knocking on the door so many times. I just finally got one home.”With the clock winding down in the second frame, the Badgers were looking to break another dreadful streak, converting on the power play. Wisconsin entered the game scoreless on its last 16 power plays, but with 56 seconds remaining Street snapped that streak as well.Following a shot from winger Michael Davies, the puck drifted right to Street, who buried the shot in front of a wide-open net to give the Badgers some added insurance going into the final period.”We’ve had a couple of leads going into the third that we haven’t been able to put away,” Street said. “[Tonight] was another opportunity for us to close it out and get the job done.” But unlike the night before, Wisconsin maintained their lead and didn’t allow the Spartans to get back into the game. One of the main reasons for the Badgers’ maintaining their lead was because of the play of Joudrey, who played out of character Saturday night, which was evident by his two combative penalties in the game. Joudrey was aggressive and physical on the boards all night for Wisconsin, helping the Badgers beat the Spartans for the first time in Madison during the Showcase event.”[Joudrey] leads by example, that’s what the captain’s ‘C’ means,” Connelly said. “To see that he went out there, battled, got a goal and pushed people around, it means a lot to the team. Everyone is watching him, and he went out there and performed well tonight.”Friday night, Wisconsin led 3-2 heading into the third period thanks to goals from Michael Davies, Matt Ford and the returning Jack Skille. In just 27 agonizing seconds, however, Wisconsin lost their lead and never recovered.Leading midway through the third period, Michigan’s T.J. Hensick drew the attention of two UW defensemen and goalie Brian Elliott, leaving senior David Rohlfs wide open. Hensick made the pass and Rohlfs capitalized for his ninth tally of the season.Before Wisconsin could even blink, Michigan was on the rush again. With the puck coming off the boards, Andrew Cogliano fired a shot from the left face-off circle that managed to trickle under Elliott’s armpit, putting the Wolverines ahead for good.”Just two bad bounces and letting down for the minute and they put two in the net,” Davies said. “We have to keep working hard and taking pucks to the net. We need to respond to [those goals and] turn this ship around.” One of the positives Wisconsin can take away from the Michigan game was the return of Skille, who looked like his old self after being sidelined for almost 90 days, scoring a shorthanded goal for the Badgers on a one-timer. With the return of Skille, Eaves believes that Wisconsin will continue to sail in the right direction.”[Skille] has such a physical presence with his speed, size and shot,” Eaves said. “It gives you another dimension that we haven’t had here for awhile. It was definitely a boost that we needed, and it was good to have him back.”last_img read more

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Daddio relieves Conroy at X, wins critical 4th-quarter faceoffs

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first_img Facebook Twitter Google+ CHESTER, Pa. — The solutions were supposed to come from everywhere. Faceoffs were perhaps Syracuse’s greatest weakness last season. Chris Daddio was the obvious answer, but freshmen Cal Paduda and Brendan Conroy were supposed to provide solutions as well.Through three games, it had been almost all Daddio. The midfielder took 55 of the Orange’s 68 opportunities at the X. Paduda had taken just two. Conroy had taken just six, and none until March 1 against Virginia.But on Saturday, head coach John Desko made a change. The head coach started Conroy at the X, where he turned in an up-and-down performance before being bailed out by the veteran Daddio in the fourth quarter.“It’s been an adjustment for the whole year,” Desko said. “Daddio’s done a good job for us early, and we’ve been missing a lot of ground balls lately, so we just went with some of the younger guys.”Conroy won the game’s opening faceoff and went into the half 6-for-11 at the X, but fell apart in the third quarter, winning just 1-of-8 and finishing just 8-of-19 on the day. Daddio came to the rescue with a 4-for-4 fourth quarter as No. 10 Syracuse held on for a 13-11 win over St. John’s in the Whitman’s Sampler Independence Classic at PPL Park in Chester, Pa.AdvertisementThis is placeholder textIt was a matter of matchups, Desko said. What Conroy brought to the table would benefit the Orange against St. John’s. But it was also an opportunity for the freshman to prove his mettle. Though he went just 1-for-6 in his first game of the season against the Cavaliers, he had performed admirably in the preseason, before illness sidelined him for the early part of the season.Since his return, though, he’s performed well in practice, Desko said, and earned his spot in the lineup.For 30 minutes, Desko’s move paid off. SU held a three-goal lead at the break, and Conroy had won more than 50 percent of his faceoffs. But in the third quarter the Red Storm pieced together a run that started with its success on faceoffs.“Jordan Rothman did a great job at the X today, winning a lot of faceoffs, getting the ball to our wings,” SJU goaltender Jeff Lowman said, “which helped us a lot getting the ball on the offensive end and trying to work from there.”Conroy turned in a good showing, but he had become overmatched. Desko made one last change. In came Daddio, needing to slow St. John’s Ryan Fitzgerald at the X.Daddio did just that, turning in a perfect 4-for-4 finish to ice the game for Syracuse. The Orange won 5-of-6 faceoffs in the final frame and outscored St. John’s 3-2 to cap the conference victory.“Based on some of the moves that the St. John’s guy was using we thought Daddio would be a good changeup for us,” Desko said. “I think we were 8-for-19 at one point and we just went back to a guy with some more experience and he came through for us.” Comments Published on March 9, 2013 at 6:42 pm Contact David: dbwilson@syr.edu | @DBWilson2last_img read more

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