US to fund studies for South African and Kazakh gas projects

Sep 13, 2002 02:00 AM

The US Trade Development Agency said it will fund studies of natural gas and iron-processing projects in South Africa and Kazakhstan.
At a ceremony to open its regional office in Johannesburg, the agency said it would invest $ 1.4 mm for studies of South Africa projects, including:
-- Forest Oil's plan for developing offshore natural gas;
-- Petroleum Oil & Gas of South Africa’s plans for onshore gas infrastructure; and
-- Mintek's plans to produce of hot-briquetted iron, a key input for high-end steel.

In Kazakhstan, the Trade Development Agency said it would fund $ 486,000 for a feasibility study on construction of a pipeline to carry natural gas from fields in the centre of the Central Asian country to its south.
The agency estimates potential US exports from the project at $ 90 mm.

Source: Dow Jones
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