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Small-scale LNG projects in British Columbia nudge ahead VANCOUVER: Small-scale liquefied natural gas projects are emerging as bright spots in British Columbia's bid to become a major exporter of natural gas, with two floating projects on the Canadian province's Pacific Coast moving ahead even as larger projects face delays. The Douglas Channel LNG project, an early frontrunner that was stalled when one of its owners fell into bankruptcy, looks to be back on course after a consortium led by Calgary's Altagas Ltd officially took control on Wednesday.The group, which also includes Belgium's Exmar, France's Electricite de France and Japan's Idemitsu Kosan, hopes to make a final investment decision on the 550,000-tonne per annum (TPA) floating facility by yearend, with first exports in 2018. "We do believe it could be the first LNG exporter off of the B.C. coast," Altagas director of finance Jess Nieukerk told Reuters on Thursday, adding Altagas will keep working with Idemitsu on another, larger, ...

Wall St gains in choppy session as traders juggle mixed messages NEW YORK: US stocks were up in a volatile session on Thursday, helped by firmer oil prices, even as mixed corporate news and confusion over US monetary policy left investors anxious about which way to turn.The S&P 500 index was up 0.9 percent in the afternoon after a decline of as much as 0.6 percent earlier in the session and oil futures turned positive on a day when strong job market data contrasted with disappointing ...
Endesa Chile suspends Punta Alcalde power project SANTIAGO: Endesa Chile said on Thursday it was suspending the development of its $1.4 billion Punta Alcalde coal-fired power project and its associated transmission line, knocking more than 3 percent off its share price.The decision to halt the 740-megawatt project comes as the company "tries to dispel uncertainty regarding its profitability," Endesa said in a statement. Endesa said it evaluated adapting Punta Alcalde to make it a "profitable and technologically sustainable project," but that the ...
US gasoline demand rose 0.1pc to 8.93mn bpd in year to Nov NEW YORK: US gasoline demand rose 0.1 percent to 8.93 million barrels per day in November from a year earlier, according to a monthly Energy Information Administration report issued Thursday. Demand has been closely watched as prices have fallen steeply since June. Copyright Reuters, 2015 ...
Canadian Oil Sands shares halted, news pending TORONTO: Shares in Canadian Oil Sands were halted on the Toronto Stock Exchange on Thursday, pending a news announcement. Analysts expected the energy company, which is set to report quarterly results after market close on Thursday, to announce a sizable dividend cut in the face of the slump in oil prices. The company could not be immediately reached for comment. Copyright Reuters, 2015 ...
Oil rises on short covering but supply worries loom NEW YORK: Global oil prices firmed slightly on Thursday but not before US crude hit a near six-year low and benchmark Brent pared gains on data showing fresh additions to already record-high US oil inventories. Oil prices had risen broadly earlier in the day after preliminary US data showed weekly jobless claims at a near 15-year low, indicating further strength in the world's largest economy. But crude futures in New York fell to an April ...
US crude drops below $44 as inventory builds scare market NEW YORK: US crude oil fell below $44 a barrel for the first time since April 2009 on Thursday while benchmark Brent sharply pared early gains after data showing additions to already record-high U.S. oil inventories.Oil prices had risen broadly earlier in the session after preliminary U.S. weekly jobless claims data hit a nearly 15-year low, indicating further strength in the world's largest economy.But crude futures in New York were near a six-year low by ...


Index Closing Chg%
Arrow DJIA 17,409.00 1.31
Arrow Nasdaq 4,683.41 0.98
Arrow S&P 2,017.30 0.95
Arrow FTSE 6,810.60 0.22
Arrow DAX 10,737.87 0.25
Arrow CAC-40 4,631.43 0.44
Arrow Nikkei 17,606.22 1.06
Arrow H.Seng 24,595.85 1.07
Arrow Sensex 29,681.77 0.41

ICT 2014

Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-1.664 bln
Exports $1.966 bln
Imports $3.630 bln
WeeklyJanuary 25, 2015
Reserves $15.019 bln