ABU DHABI - Raising Term LNG Sales.ADGAS has been trying to find LNG LNG (liquefied natural gas): see under natural gas. buyers ready to sign long-term contracts to back a further expansion of its business. One of the markets it is hoping to tap is Central Europe Central Europe is the region lying between the variously and vaguely defined areas of Eastern and Western Europe. In addition, Northern, Southern and Southeastern Europe may variously delimit or overlap into Central Europe. , with the LNG to be shipped through the Adriatic sea. Abu Dhabi's International Petroleum Co. (IPIC IPIC Intellectual Property Institute of Canada IPIC Indianapolis Private Industry Council IPIC International Petroleum Investment Co (Abu Dhabi) IPIC Inventory Price Index Computation IPIC Information Processing Interagency Conference ) has a major stake in OMV OMV Open Market Value (automobiles) OMV Orbital Maneuvering Vehicle OMV Oblates of the Virgin Mary (religious order) OMV Österr Mineralöl Verwaltung (Austrian Mineral Oil Administration) (see Downstream Trends of this week). It is suggested that, with the Yugoslav civil war over, a proposed LNG terminal to be built on Krk island in the Adriatic could be partly supplied with LNG by ADGAS. OMV, an important player in Central Europe's gas business, has headed a European consortium for the Krk project. Krk, a Croatian island, has been in focus for years. It has been proposed that Krk would have a big capacity for LNG imports into Italy as well as into the Central European countries (see background in Vol. 60, No. 3). |
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