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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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Landlords cashing in on Comm Games boom

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first_imgThis Ephraim Island mansion is listed as only being available for the 2018 Commonwealth Games at Easter via Airbnb, for $1250 per night. You can book this Surfers Paradise penthouse on Airbnb for $550 per night.AIRBNB listings show the extent of the Games boom — in Surfers Paradise, where median house rent is $600, entire homes and private rooms are on the rental market for an average nightly price of $772 for the Games, which run from April 4-15.That represents a 45.27 per cent increase on the return from a traditional holiday period over 12 days spanning Christmas and New Year, when average Airbnb nightly prices sit around $487. Lee Drury is the latest team member to join HeyTom, a specialist company offering property management for solely Airbnb properties. Picture: Jerad Williams“We reached critical mass in Sydney and were planning to launch our second operation in Melbourne but due to the demand, we launched second on the Gold Coast,” said HeyTom director Phillip Rose, whose service provides furnishing, advertising, guest management and maintenance for Airbnb properties. Video Player is loading.Play VideoPlayNext playlist itemMuteCurrent Time 0:00/Duration 0:45Loaded: 0%Stream Type LIVESeek to live, currently playing liveLIVERemaining Time -0:45 Playback Rate1xChaptersChaptersDescriptionsdescriptions off, selectedCaptionscaptions settings, opens captions settings dialogcaptions off, selectedQuality Levels440p440p330p330p220p220pAutoA, selectedAudio Tracken (Main), selectedFullscreenThis is a modal window.Beginning of dialog window. Escape will cancel and close the window.TextColorWhiteBlackRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentBackgroundColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentTransparentWindowColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyTransparentSemi-TransparentOpaqueFont Size50%75%100%125%150%175%200%300%400%Text Edge StyleNoneRaisedDepressedUniformDropshadowFont FamilyProportional Sans-SerifMonospace Sans-SerifProportional SerifMonospace SerifCasualScriptSmall CapsReset restore all settings to the default valuesDoneClose Modal DialogEnd of dialog window.This is a modal window. This modal can be closed by pressing the Escape key or activating the close button.Close Modal DialogThis is a modal window. This modal can be closed by pressing the Escape key or activating the close button.PlayMuteCurrent Time 0:00/Duration 0:00Loaded: 0%Stream Type LIVESeek to live, currently playing liveLIVERemaining Time -0:00 Playback Rate1xFullscreenMetricon Stadium’s transformation for Commonwealth Games00:45 Mr Rose said there was a natural uptake around the Christmas and New Year period.“In terms of our listing properties, we grow maybe 20 per cent at this time of year,” Mr Rose said.“Some of those are people ending conventional leases and then listing their properties, others are owners going away for the holiday period.” The luxurious beach house has five bedrooms and five bathrooms.Just over six months ago, the average Gold Coast Airbnb host made about $3900 each year — that has since increased to $5700 a year, with a listing booked for just 32 nights. This luxury waterfront mansion at Surfers Paradise is available via Airbnb for $878 a night.Further inland at Robina, home to a median rental price of $360, the same accommodation options are up a whopping 76.58 per cent from the Christmas peak period to the April stint, with an average nightly rent of $688.Competition is fierce, with 275 per cent more people currently on the hunt for short-term rentals in the Gold Coast and Tweed regions during the Games.Local Airbnb listings have recorded a year-on-year growth of 73 per cent, according to the company’s latest data.More from news02:37Purchasers snap up every residence in the $40 million Siarn Palm Beach North1 hour ago02:37International architect Desmond Brooks selling luxury beach villa21 hours agolast_img read more

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