 | Qatar´s first Q-Flex LNG
cargo reaches Brazil
RASGAS Company Limited
(RasGas) announced on
Saturday that it achieved
another significant milestone
when the first fully loaded
Q-Flex Liquefied Natural Gas
(LNG) cargo was delivered to
Petrobras at the Guanabara
Bay ...
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| | Russian gas deal not
yet dead: CNPC chief |
 THE head of China National
Petroleum Corp signalled on
Saturday that China was still
considering a deal to become
Russia´s largest single
pipeline gas customer even
as its supply options, including
unconventional and liquefied
natural gas, multiply.
CNPC Chairman Jiang
Jiemin, visiting Moscow as
part of a delegation led by
Vice Premier Li Keqiang,
who is on track to succeed
Premier Wen Jiabao, reiterated
to an economic conference
that most of the key
points of a gas deal were
agreed.
"We have signed a buy-sell
agreement with Gazprom,"
Jiang said, singling out the
deal among successful ventures
including a loans-foroil
deal, under which ... | | | US can withstand
Europe stresses |  US TREASURY Secretary
Timothy Geithner said on
Friday that if Europe mismanages
its crisis it could
slow US growth but said the
US financial system could
handle any resulting pressures.
"The US financial system is
in a very strong position to
withstand the foreseeable
pressures we might face from
Europe," he said in an interview
on American Public
Media´s Marketplace programme.
Geithner said that, on balance,
Europe was making
headway in efforts to deal
with its sovereign debt crisis.
"I think they´ve made a lot
of progress in the last few
months in trying to bring
back a measure of calm to
their financial markets,"
Geithner said.
Concern about spillover... | | | Expanding central bank
balance sheets pose risk |  THE balance sheets of the
world´s four largest central
banks have expanded 2.6
times over the last five years
from $3.5 trillion in January
2007 to $9.1 trillion in
March 2012 at a compound
annual growth rate (CAGR)
of 20 percent. Between 2000
and 2007, the balance sheets
of central banks in advanced
economies remained within
a range from 9 percent to 13
percent of GDP. Since then
they have risen to over 20
percent of GDP.
Two major events have
instigated this rapid expansion,
the financial crisis in
2008 and the European sovereign
debt crisis in 2011.
The balance sheets of the
world´s four major central
banks expanded by 60 percent
during the ... | |
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