Killajoules

Summa Group And VTTI To Build A Major Oil Terminal In The Port Of Rotterdam
On October 20, 2011 the President of Russia Dmitry Medvedev and the Prime Minister of the Netherlands Mark Rutte attended the signing ceremony for a major long-term agreement between the Port of Rotterdam and Shtandart TT B.V. Shareholders of Shtandart TT B.V. are Summa Group (75%) and the Dutch company VTTI (25%). The agreement, which was signed by the Summa Group Chairman Ziyavudin Magomedov and the President of the Port of Rotterdam Hans Smits, covers the building and operation of a new major crude and products oil terminal (Tank Terminal Europoort West, TEW) in the Port. The CEO of VTTI Rob Nijst was present at the signing ceremony.

Enterprise to Sell Mississippi Natural Gas Storage Facilities
Enterprise Products Partners L.P. (NYSE: EPD) today announced that it has executed definitive agreements to sell the partnership's Mississippi natural gas storage facilities to Boardwalk HP Storage Company, LLC for $550 million. The Mississippi facilities have approximately 29 billion cubic feet of total storage capacity.

Vitol Group and Blueknight Energy Partners Announce Plans To Construct New Crude Oil Terminal In Midland Texas
Vitol Midstream, LLC, (“Vitol Midstream”) a member of the Vitol Group (“Vitol”) and Blueknight Energy Partners, L.P. (“BKEP,” NASDAQ: BKEP) today announced they have entered into agreements for the construction and operation of a new crude oil terminal in Midland, Texas.

Opening of gas storage facility in UK
Developers Scottish and Southern Energy plc (SSE) and Statoil (UK) Ltd opened the new gas storage facility at Aldbrough in East Yorkshire today, 27 June.

Gazprom and Srbijagas to initiate gas injection into Banatski Dvor UGS facility soon
Alexander Medvedev, Deputy Chairman of the Gazprom Management Committee and Dusan Bajatovic, Chief Executive Officer of Srbijagas held a meeting today as part of the St. Petersburg International Economic Forum 2011.

Contact Energy opens $400 million development in Taranaki
New Zealand’s first underground gas storage facility and a new 200 megawatt, gas-fired peaker plant were both officially opened today by Prime Minister John Key at Contact Energy’s Stratford power station.

Gazprom, RAG and WINGAS commission Phase 2 of Haidach underground gas storage facility
Salzburg (Austria) hosted today the celebrations held by Gazprom, RAG and WINGAS and dedicated to completion of the Haidach underground gas storage (UGS) facility being the largest in Austria and the second-largest in Central Europe.

Final investment decision on Katharina UGS facility signed
A final investment decision on the Katharina UGS facility construction was signed yesterday in Salzburg by Alexander Medvedev, Deputy Chairman of the Gazprom Management Committee and Dr. Karsten Heuchert, Chairman of the Executive Board of Verbundnetz Gas.

Magellan Midstream Acquires Full Interest in Cushing Storage Joint Venture
Magellan Midstream Partners, L.P. (NYSE: MMP) announced today that it has acquired the remaining interest in a joint venture for the construction of 4.25 million barrels of crude oil storage in Cushing, Oklahoma from the private investors who had been partial owners. As a result, Magellan is increasing its 2011 expansion capital spending estimate to $215 million from its previous estimate of $170 million for the acquisition cost and the partnership now funding the full project.

Gazprom to build up UGS capacities beyond Russia
The Gazprom Management Committee found it expedient to build up underground gas storage (UGS) capacities beyond Russia to bring the aggregate working gas volume to at least 5 per cent of the annual export supplies before 2030 with a focus on establishing the Company's own UGS capacities.