COMMODITY / ENERGY BRIEFS

COMMODITY / ENERGY BRIEFS

TROUBLE SEEN FOR QATAR,

OMAN ON LNG PROJECTS

LONDON - Costly liquefied natural gas projects in Qatar and Oman are likely to encounter problems in varying degrees in finding customers and financing, the Middle East Economic Survey said this week.

Despite agreement last week by the Korea Gas Corp. on a long-awaited 2.4 million-ton-a-year sales agreement with Qatar's Ras Laffan LNG project (Rasgas), it remains to be seen whether KGC will exercise an option to buy an additional 2.4 million to 3 million tons a year.

The South Korean company is negotiating at the same time with other countries, including Oman, to fill its LNG needs.

Where it eventually turns to will affect decisions by both Rasgas and Oman on the amount of finance they will need to raise.

GAS SALES DECLINE

IN NETHERLANDS

BRUSSELS - Dutch natural-gas sales in September reached 4.739 billion cubic meters, compared with 5.206 billion in September last year, gas marketing and distribution monopoly Gasunie said Tuesday.

Exports in September were 2.058 billion cubic meters from 2.297 billion a year ago, while domestic sales fell to 2.681 billion cubic meters

from 2.909 billion.

In the period from January to September, total sales were 55.417 billion cubic meters from 56.558 billion in the same 1994 period.

January-September 1995 Dutch gas exports were 24.678 billion cubic

meters, down from 25.335 billion.

YASKAWA ELECTRIC CORP.

TO OPEN BEIJING OFFICE

TOKYO - Yaskawa Electric Corp. said its Beijing office will start operating Nov. 1 as its fourth business base in China.

The Beijing office will engage in a wide range of activities, including collection of business information and improvement of customer services, said the company, based in Kitakyushu, Fukuoka prefecture, southwestern Japan.

The company has delivered to China a large number of electrical machines for use in manufacturing steel, chemical, cement and textile products.

Numerical control equipment, industrial robots, inverters and other ''mechatronics" machines are in strong demand in China, reflecting rapid economic growth, the company said.

The company earlier opened a business office in Shanghai and service centers in Beijing and Shanghai.