Blazing gas flares 70 meters high brighten the night sky above Qatar’s Ras Laffan Industrial City. The 295-square-kilometer complex houses the world’s largest assemblage of liquefied natural gas plants and the biggest port for LNG exports on the globe. Ras Laffan chills to a fluid more gas in a year than Canada consumes and then ships it to run electric plants and warm homes from Tokyo to Buenos Aires. The gas facilities within its grounds produce almost a third of the world’s LNG exports, Bloomberg Markets will report in its May issue.
Sutherland Asbill & Brennan LLP is combining with Arbis LLP, a boutique law firm with offices in London and Geneva that features a strong energy practice, to give the U.S. firm its first international offices.
Vente-Privee.com, France’s third most-popular online retailer behind Amazon.com Inc. and eBay Inc., plans to more than quadruple revenue in the next decade by extending the model of flash sales that it pioneered at home.
Glencore Xstrata Plc billionaire Chief Executive Officer Ivan Glasenberg reaped a $182 million dividend for last year after steering the commodity trader and metals producer through a 15-month takeover of Xstrata Plc.
Iberdrola SA , the world’s biggest wind-energy company, said it will sell a stake to Qatar Holdings LLC for 2 billion euros ($2.8 billion) to cement a strategic alliance. The shares climbed 2.6 percent in Madrid.
Qatar, home to the world’s third- largest gas reserves, said it’s creating a $12 billion investment fund to buy distressed assets overseas and will seek to sell shares in the new entity to investors within weeks.