THE LONDON TIMES: Need to Know: “Royal Dutch/Shell, the oil giant, and ERG of Italy have agreed to build a €400 million (£280 million) liquefied natural gas (LNG) import terminal in Sicily, adding to a string of LNG projects that are being developed along Italy’s coast.” (ShellNews.net) 24 Feb 05 

Energy Sector

Sector down 1%

February 24, 2005

Anglo American, the diversified mining group which yesterday reported a 74 per increase in full-year pre-tax profit to $4.6 billion (£2.4 billion), has given warning of the temptation to fast-track billions of dollars worth of metal projects to capitalise on soaring global demand.

Mining companies were jubilant after Rio Tinto, the Anglo-Australian miner, secured a 71.5 per cent price rise for its iron ore from Nippon Steel, one of Japan’s leading steelmakers.

Royal Dutch/Shell, the oil giant, and ERG of Italy have agreed to build a €400 million (£280 million) liquefied natural gas (LNG) import terminal in Sicily, adding to a string of LNG projects that are being developed along Italy’s coast.