Energean, DEPA sign agreement for commercial operation of EastMed pipeline

first_imgEnergean, DEPA sigh agreement for commercial operation of EastMed pipeline. (Courtesy: David Mark/Pixabay.) Energean and the Public Gas Corporation of Greece (“DEPA”) have agreed to cooperate to further support the EastMed Pipeline Project. Ahead of the Intergovernmental Agreement on the EastMed Pipeline, to be signed later today by the Ministers of Cyprus, Greece and Israel responsible for Energy, Energean and DEPA have signed a Letter of Intent (“LoI”) for the potential sale and purchase of 2 BCM natural gas per annum from Energean’s gas fields offshore Israel, where Energean is investing $1.7 billion for the development of the Karish & Tanin fields through the FPSO “Energean Power”.DEPA, as a 50% shareholder of the “NATURAL GAS SUBMARINE INTERCONNECTOR GREECE-ITALY-POSEIDON S.A.” (“IGI Poseidon”) – a Joint Venture with Edison S.p.A – is developing the EU Project of Common Interest (PCI) EastMed Pipeline and is a leading player in natural gas supply and retail activities in the Greek and S. E European markets and in the development of major natural gas related infrastructure projects with the objective of enhancing the security and diversification of supply of Greece and the broader region.Additional details, including terms, delivery points, gas composition, the shipper of the EastMed pipeline etc. will also be agreed and detailed in the GSPA.Mr. Konstantinos Xifaras, CEO of DEPA, stated: “With the agreement we have signed today – the first agreement for the commercial use of the EastMed pipeline – we are taking a decisive step for the project’s commercial viability and its realization. With the present LoI, DEPA expresses its intention to buy 2 BCM of gas, which corresponds to 20% of the EastMed’s initial capacity. Thus, a major producer of East Mediterranean gas (Energean) and a key distributor of gas in South East Europe (DEPA) are joining forces to ensure the success of the pipeline.DEPA is steadily expanding its international trade activities and is developing, along with international partners, infrastructure projects that guarantee diversification of energy sources and security of supply in both Greece and Europe. By systematically strengthening its international role, our company is becoming a key player in the energy developments of the wider region.”Mr. Mathios Rigas, CEO of Energean, stated: “The agreement with DEPA is an important development in the context of the EastMed pipeline project, which now has not only the support of Governments and the EU but is also attracting commercial interest from buyers and sellers of gas in the region. The EastMed pipeline provides Energean with another monetization route for its strategy to fully utilize the Energean Power FPSO that has an 8 BCM/y capacity and further allows us to continue the exploration and development of our 9 licenses offshore Israel.“We are very pleased to have signed the LOI with DEPA which is the first commercial agreement for the EastMed pipeline and look forward to further assisting the development of the project, which will substantially benefit the economies, the security of supply and the consumers of the Eastern Mediterranean and Europe”. Source: Company Press Releaselast_img read more

Alex Walker No Con delayed

first_imgMatthews, a candidate in the upcoming by-election for VP for Graduates, told Council, “This isn’t a nice thing to do, but it is the right thing to do.” A motion of censure, whilst not officially defined in any of OUSU’s governing documents, is generally taken to mean an official condemnation of the person in question if passed. If those censured ever run for an OUSU position again, they must also mention the censure on their nominations and disclosures form.”Matthews went on to explain to Cherwell, “Students deserve the best from their elected representatives, so it is absolutely right that when officers fail to live up to expectations, they are held to account by OUSU Council. Handover is an issue I have particularly noted failings in over the past five years, which is why I made clear in Michaelmas that those who failed to adequately hand over their duties would be censured. It may not be easy, or even nice, but it is the right thing to do.” Teriba disputed the motion, telling members of Council, “I don’t accept the facts as Jack has laid them out.” She argued that she had in fact made reasonable attempts to provide adequate handover. She pointed out that she had attended the general handover meeting, but that her successor, Henna Shah, of Regent’s Park, failed to turn up. It was unclear at Council which of Teriba or Shah was to blame for failing to set up a one-on-one handover meeting. In the process of debate, Teriba proposed a procedural motion to split up the motion of censure. The procedural motion passed, causing the three ‘resolves’ clauses to be voted on independently. Council voted overwhelmingly to pass the first clause, which resolved to “remind the Executive Officers of their duties to adequately handover to their successor upon completing their term in office.” The second clause to censure Annie Teriba passed with 28 votes for, 27 against, 11 abstentions and three spoiled ballots. The third clause regarding Alba Kapoor passed with 58 votes in favour, four against, four abstentions, and three spoiled ballots. Voting took place through a secret ballot, as requested by Nick Cooper, VP-elect for Graduates.Henna Shah, the current OUSU Access and Admissions Officer explained, “I think this motion demonstrates how important handovers are to the smooth running of our Student Union, particularly in an area as crucial as access. I think it also highlights how important it is for anyone who represents students to respect what those students decide in a democratic context, such as in OUSU Council, and it is this kind of a lack of respect for students’ opinions that results in disengagement from the Student Union.” Teriba and Kapoor could not be reached for comment. Adam Roberts, who ran for President in last term’s OUSU elections, commented to Cherwell, “A panel of OUSU’s Complaints Committee recommended that the motion be postponed; whether they were right to or not, I think the proposer and the chair did the right thing in respecting that decision. I don’t personally welcome the motion at all. Council can debate what it likes, but I hope it thinks hard about the motion and throws it out when it returns. Steering Committee will have to look at the motion afresh if it’s proposed again for the next meeting, but we don’t yet know whether they’ll decide to refer it to a working group for a preliminary discussion.” Matthews told Cherwell, in regards to the motion being withdrawn, “The motion was withdrawn due to a procedural irregularity completely beyond my control – it has nothing to do with the content of the motion itself. Once this matter has been resolved, the motion will come back to a future meeting of OUSU Council.” He went on to defend the motion, saying, “Out of respect for the importance of due process, and for the benefit of the welfare of all those involved, I will not be drawn into a trial executed by the press or social media. This is a matter for Council to decide upon, with the facts being presented, and discussion properly mediated. I wholeheartedly stand by my decision to bring this motion to Council – the place which not only has the right, but also the responsibility, to make these resolutions so fundamental to the preservation of our democratic system.” After the motion was withdrawn, OUSU Council considered an unrelated motion of censure, against two members of the Part Time Executive. Council subsequently voted to censure former Access and Admissions Officer Annie Teriba and former BME Officer Alba Kapoor. The motion of censure was proposed again by Jack Matthews, and seconded by Maryam Ahmed. The reason given for censure was the failure of both officers to “provide adequate handover” to their successors. In 7th Week Council of last term, they committed to provide such handover and agreed “to be censured” if they failed to do so. The motion of censure proposed that as of 3rd Week Council this term, they had not done so and thus deserved to be censured. A motion of no confidence in Trinity 2014’s Returning Officer (RO), Alex Walker, was withdrawn from OUSU Council last Wednesday.The motion was withdrawn by proposer Jack Matthews and seconder Will Neaverson before the meeting. Cherwell understands that the motion is intended to be brought back to OUSU Council in 7th Week. The motion originally called for OUSU “to have no confidence in Alex Walker, Wadham College, the former Returning Officer, Trinity Term 2014”. It went on to “mandate the President to inform Council so that Council might consider expelling Alex Walker,” if Walker asked to resume his membership of OUSU. The motion additionally proposed mandating OUSU President Louis Trup to inform the University Proctors of Council’s decision and to remind them that “Council still wish for the Proctors to resolve this important issue.”A copy of the agenda for Wednesday’s OUSU Council, which was later replaced, indicated that, “Following a complaint, the Chair of Council will propose a procedural motion to postpone this motion, so that the matter be reconsidered by Steering Committee on Thursday 26th February.” This was later updated to read, “At the request of the proposer and the seconder, this motion has been withdrawn.”Walker told Cherwell, “I don’t quite know why Jack is so intent on pursuing this nasty little vendetta, and I don’t particularly care. Doubtless, it will buy Jack an extra few column inches to support what he is pleased to call his political career. Their motion is factually incorrect, omits vital information, is totally misleading, and most of all, just plain silly. I’m not a particular fan of the nauseating Jack Matthews Show, and since my resignation from OUSU I have been better off for its absence. I will now, like every other student at this university, continue to ignore student politicians like Jack and get on with my life. Jack’s existence may, as it has for the last decade, revolve around throwing stroppy tantrums in OUSU; mine most certainly does not.“ Matthews told Council, “Because of an ongoing complaint, the motion has been withdrawn.” He added that he wanted “to say to Council that the motion will come back to Council once the irregularity is ironed out”. last_img read more

Bucshon Challenger Raises $100K Before May Primary

first_imgBucshon Challenger Raises $100K Before May PrimaryEVANSVILLE – Dr. Richard Moss’s Congressional campaign announced today it raised more than $100,000 weeks before Indiana’s May primary. The announcement comes ahead of the Federal Election Commission’s official pre-primary deadline Wednesday.The campaign’s recent fundraising success was dominated by the Hoosier grassroots support and a major contribution from Dr. Richard Moss himself. With nearly 100 contributions and over 90% of them coming from within Indiana, it’s clear Dr. Richard Moss has emerged as the choice for conservative Hoosiers.“I’m honored and humbled to have the support of so many Hoosiers from every walk of life,” said Dr. Richard Moss.This cycle, Dr. Richard Moss is leading one of the toughest primary challenges in the country, providing a clear, conservative alternative to four-term incumbent Larry Bucshon.“Congressman Larry Bucshon is standing in the way of commonsense conservative reforms. He moved his family to Washington, D.C. full-time and never looked back,” said Dr. Richard Moss. “Hoosiers deserve a Congressman who will vote with the 100% of the time. It’s time we repeal Obamacare, slash federal spending, and end illegal immigration.”FOOTNOTE: Dr. Richard Moss is a board-certified cancer surgeon, businessman and political columnist. He is challenging four-term incumbent Larry Bucshon in Indiana’s Eighth District. Moss lives in Jasper, Indiana with his wife and four kids.FacebookTwitterCopy LinkEmailSharelast_img read more

D-day for Lallemand

first_imgIf you’ve read the papers recently you’ll have seen lots of stories stating that many of us do not have enough Vitamin D. Prior to the 1800s, people spent their lives largely in agricultural communities, working or playing outdoors, with the main source of Vitamin D being the sun. The ultra violet rays in sunlight naturally convert cholesterol in the skin to Vitamin D. This is the most important source of Vitamin D for people. The only significant dietary sources of Vitamin D are oily fish and fortified products such as margarine and breakfast cereals. For people living in countries far north of the equator, such as Iceland, who get less sun, dietary sources of Vitamin D such as oily fish are important for health and wellbeing. But times have changed. Now we are often in bakeries, offices or cars. Many of our foods are fortified, because processing takes out natural goodness. Breakfast cereals are commonly fortified with iron, niacin and Vitamin D, among others. And here’s the rub: flour is fortified, too, but bakers never shout about it on the pack. It was a point made forcibly by Scott Clarke, bakery director of Tesco, at this year’s Federation of Bakers conference. Breakfast cereals compete with bread, he said, but Kellogg’s and others make their cereals sound healthier. Bakers, he pointed out, are missing a vital sales trick.But with Vitamin D now in the spotlight, Lallemand, which owns Britain’s biggest yeast-making plant based at Felixstowe, formerly GB Ingredients, has pioneered a way to give yeast itself natural Vitamin D by treating it with ultra-violet light. The yeast will be available in normal block, cream and instant dried formats.But why is Vitamin D so vital? It’s because deficiencies are said to contribute to osteoporosis, some cancers, especially breast, colon and prostate and a weaker immune system. The amount inherent in all Lallemand’s yeast is at least 30 IU (international units) per 100g serving of bread, which is enough to ensure a necessary level but nowhere near enough to exceed the safe upper limit of 2,000 IU recommended by the EU scientific experts even if you do spend a lot of time outdoors, eat oily fish or take a multivitamin supplement.So who is Lallemand and why have they pioneered the new yeast? Lallemand UK MD Dr Mike Chell explains that the company is a major worldwide yeast supplier, which invests many millions in plants and research. “After the EU Commission took a keen interest in all yeast acquisitions across Europe, Lesaffre GB Ingredients’ then owner agreed to sell the company. “Lallemand was waiting in the wings to buy GB,” he adds. “Our Felixstowe plant is one of only two yeast plants in the UK and is the biggest. We supply both the UK and Ireland. The company is set to benefit enormously from all Lallemand’s international R&D and expertise.”Being a leaderMeanwhile, Jean Chagnon, worldwide president and CEO of the company, reveals his passion for innovation, yeast and good bread. He tells British Baker: “The definition of a leader is to do things that others follow. We believe in ’pioneering’. We produce and sell yeast and bacteria. Applied microbiology is our core technology and over 50% of our customers are bakers. “We started to export yeast in 1972 and are now based across five global divisions. We take natural wild yeasts no GMOs and were the first to automate computer-controlled plants and then first to launch cream yeast initially in the North American markets. GB Ingredients has always been a good supplier and now, with Dr Chell’s expertise as part of our company, we can share ideas, passion for our work and investment.”Lallemand also makes starter cultures for sourdoughs, but the pioneering of Vitamin D as an inherent property of its yeast has gained worldwide acclaim. Says Chagnon: “We have invested in UV equipment, so UV light is applied during the process. Vitamin D is produced by ultra-violet light acting on sterols naturally occurring in all yeast. By exposing the yeast cells to UV light in a similar way as we expose our skin to the UV light of the sun, Vitamin D is naturally produced in the yeast. Vitamin D, which is fat-soluble is stored in the cells in our bodies.”But what about regulatory approval? “In the USA, the Food & Drug Administration has given approval and Dr Chell has gained a positive opinion from the UK’s Food Standards Agency that this yeast is a natural source of Vitamin D,” says Chagnon. “The bread on-pack wording, must be accurate. It is ’Vitamin D Yeast’. It is not correct or necessary to say ’enriched’ or ’added’ as it is part of a natural process. So the baker can say his bread is ’a natural source of vitamin D’.”EU regulations state that for bread to be a source of Vitamin D, 15% of the RDA (Recommended Daily Amount) of Vitamin D should be in 100g the equivalent of two to three slices. He adds: “Research shows the major criteria for buying bread are, in order: taste, price, natural ingredients and fibre. For the first time, a baker, plant or craft, using Lallemand yeast can take advantage of the fact their bread is now ’a natural source of Vitamin D’ and really shout about it!” And that could be music to your customers’ ears whether a supermarket or a consumer. After all, why should breakfast cereals have it all their own way?www.lallemand.comlast_img read more

Belmont Bakery owner fined on hygiene

first_imgBelmont Bakery’s owner Stephen Doughty has been fined £10,000 for breaching food hygiene regulations, after a resident found a dropping in a bread roll.Doughty, of the Twickenham-based bakery, appeared at Richmond Magistrates Court on Wednesday 4 January, where he admitted charges of failing to comply with the Food Hygiene Regulations 2006, as reported in the Richmond and Twickenham Times. Environmental health officers visited the premises in October 2012 following a tip-off where they discovered dirt, dust and food waste on the floor and shelving areas. In addition, mouse droppings were found on floors, under trays and shelving and on window ledges.After receiving the verdict on 3 January (Tuesday), following a previous court appearance at Richmond Magistrates Court back in December, which was adjourned after Doughty had been issued a bankruptcy notice in November, Belmont Bakery was closed.In response to the verdict, Doughty said: “It has been the worst three years of my life. I have owned this bakery for 20 years and nothing like this has ever been brought against me before.”Councillor Virginia Morris, Richmond Council’s cabinet member for environment, said: “Belmont Bakery has now closed down for other reasons, but we would require Mr Doughty to carry out a very thorough deep clean and repair of the whole premises if he re-opens in the future.”In addition to the fine, Doughty was ordered to pay £6,000 towards the council’s costs in prosecuting the case.last_img read more

Poland’s PKN Orlen pulls plug on planned 1GW coal project at Ostroleka

first_imgPoland’s PKN Orlen pulls plug on planned 1GW coal project at Ostroleka FacebookTwitterLinkedInEmailPrint分享Reuters:PKN Orlen will only invest in building a power station in Ostroleka in the north east of the country if it uses gas, the state-run oil refiner said on Tuesday.Earlier in May, PKN Orlen had completed a takeover of state-run utility Energa, which had planned to build a 1 gigawatt coal-fueled power plant in Ostroleka.The project, dubbed the last coal power plant in Poland, has been suspended because of financing and climate issues. PKN had planned to continue with the investment but had signaled that it might opt to replace coal with less-carbon heavy gas a fuel.“We cannot act in isolation from market trends and European Union’s regulatory policies,” Chief Executive Daniel Obajtek said in a statement. “The investment in Ostroleka will be conducted but it has to be based on gas technology.”Poland generates most of its electricity from coal, but is looking to gradually replace it with less polluting sources, including gas.[Agnieszka Barteczko]More: Poland’s PKN prefers gas as fuel for new Ostroleka power plantlast_img read more

Farmingville Shooting Kills Mastic Beach Man

first_imgSign up for our COVID-19 newsletter to stay up-to-date on the latest coronavirus news throughout New York Suffolk County police homicide detectives are investigating a shooting in Farmingville the killed a Mastic Beach man early Saturday morning, police said.The shooting occurred outside Empire Bar and Lounge on Warren Avenue at 3:16 a.m., police said. When police arrived to investigate the 911 call, they discovered that the victim, 25-year-old Randell Hollman, had already been taken to Brookhaven Memorial Hospital Medical Center in East Patchogue for a gunshot wound.After Hollman was transported to the hospital, a large crowd was still outside the bar, police said, and some people were seen fighting.Hollman was pronounced dead at the hospital, police said.The investigation is continuing. Anyone with information regarding the shooting is asked to call homicide detectives at 631-852-6392 or Crime Stoppers at 1-800-220-TIPS.last_img read more

The ultimate gift guide for finance professionals

first_img This post is currently collecting data… Whew! It’s definitely been a year for the books. Through it all, banks and credit unions have done incredible work to keep our economy afloat (we’re talking TOP of the nice list efforts) – giving us hope for a future that’s merry and bright.While most of us will be happy to see 2020 disappear in our rearview mirrors, ’tis still the season to be jolly – and to thank the incredible financial institutions that got us through.Need gift inspiration for your favorite financial professional this year? We’ve got you covered. This is placeholder text continue reading »center_img ShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblrlast_img

Eight of 9 UK coronavirus sufferers leave hospital

first_imgIn addition, all 94 people who were quarantined at Arrowe Park hospital in north west England after being flown back from Wuhan have now left the site.But more than 100 people are still in quarantine in a hotel north of London after arriving from China last week.An 80-year-old Chinese tourist visiting France has become the first fatality from the virus confirmed outside of Asia.Topics : Eight of the nine people diagnosed with the new coronavirus in Britain have left hospital having now tested negatively twice for the virus, NHS England said on Saturday.”I want to stress that any individuals who are discharged from hospital are now well and do not pose any public health risk,” said Health Secretary Matt Hancock.The final person is still being treated at Guy’s and St Thomas’s Hospital in central London.last_img read more

Jokowi officiates Asia Pacific Rayon plant in Riau

first_imgPresident Joko “Jokowi” Widodo officiated on Friday a fiber manufacturer PT Asia Pacific Rayon (APR) plant in Pelalawan regency, Riau — a site expected to improve the nation’s textile sector and the Industry 4.0 road map.In his speech, the President claimed he was surprised to learn that wood could be used as primary material to make textile products. “The plant also has its own nursery with a total capacity of 300 million seeds. Where in the world could we find a manufacturing plant with such a huge capacity other than in Pelalawan?” Jokowi said on Friday.The plant can produce around 240,000 tons of rayon annually. It can also produce 10,000 tons of yarn every year. The APR, an affiliate of major pulp and paper producer Asia Pacific Resources International Holdings, is expected to increase the production capacity to 600,000 ton per year.“We should appreciate this technology. Stop thinking that [advanced] technology only exists in Europe, such as in Germany or Scandinavian countries. We also have one too in Indonesia; it’s located right here, in Pelalawan regency,” said Jokowi.APR’s capability to turn wood into fabrics and garments, the President added, had showed that Indonesia could compete with European countries or the United States. “The competition is no longer between regencies or provinces [within Indonesia] but with other countries. It’s not about rich countries defeating poor ones but about those that can outpace the slowpokes,” the President went on to say.Read also: Viscose may give Indonesia’s textile industry edge in sustainabilityJokowi also appreciated APR’s investment in the regency since it contributed positively to the region’s economic growth and people’s welfare.The director of APR’s holding company, PT Royal Golden Eagle (RGE), Anderson Tanoto, said the total investment allocated to build the viscose factory had reached up to Rp 15 trillion (US$1.1 billion). He added that the plant in Pelalawan was capable of producing 240,000 tons of rayon fiber every year.“We also opened up 1,200 jobs in the region,” Anderson said.The plan could also generate up to US$131 billion of foreign exchange earnings every year and reduce the country’s dependency on imported raw materials valued at up to $149 million annually.The RGE would invest Rp 20 trillion in the plant for the next three years to support its product downstreaming program in Indonesia, Anderson went on to say.The manufacturing company had exported its goods to 14 countries, including Pakistan, Bangladesh, Brazil and several countries across Europe.“We also hope to grow in supporting the domestic market with the support of the Industry Ministry. We hope the government will aid us in supporting the local textile market through the modernization and improvement of machinery,” said Anderson. (dpk)Topics :last_img read more