Upstream Online  Mar 15  Comment 
US supermajor working on numerous fronts to help following disastrous earthquake
OilVoice  Mar 5  Comment 
Santos has been advised by the PNG LNG operator that following the earthquakes in the Southern High ...
Reuters  Feb 22  Comment 
Malaysia's Sime Darby Plantation, the world's largest oil palm planter by land holdings, said it has submitted an expression of interest for leading Indian edible oil importer Ruchi Soya.
The Economic Times  Jan 17  Comment 
PNGRB has proposed to conduct future auctions by asking companies to quote the tariff they will charge for transportation of CNG and piped gas or PNG within the city.
guardian.co.uk  Dec 11  Comment 
Community groups accuse PNG government of keeping documents for its approval under wraps A controversial experimental deep-sea mine is being challenged in court by environmental groups who have accused the Papua New Guinea government of...
OilVoice  Dec 7  Comment 
Santostoday announced it will acquire a 20 per cent equity in the PPL 339 licence in Papua New Guin ...
The Economic Times  Dec 6  Comment 
The effective tax rate on CNG and PNG in India is 13-40% as a proportion of selling price.
WA Business News  Oct 27  Comment 
A joint venture comprising local engineering group Clough and Finnish corporation Wartsila has won a contract to build a power station in Papua New Guinea for an undisclosed sum.
The Hindu Business Line  Oct 3  Comment 
Adani Group's gas distribution arm, Adani Gas on Tuesday announced increase in the gas prices for automobile and domestic gas consumers. Following the revision in the domestic natural gas prices f...


PAA Natural Gas Storage L.P. (PNG) (NYSE:PNG) operates and manages natural gas storage facilities. The company has doubled its storage facilities since 2005, having 40 Bcf as of 31 December 2009. It plans to increase total capacity by 70% to reach a total of 68 Bcf. The company sells its space to customers for a fee. [1]

The company has a contractual relationship with its customers. If there was increased competition in the space or expenses and costs rose, the company would have less cash flow. It faces the risk of not being able to pay the minimum distribution to common shareholders, general partner, and Series A shareholders. [1]

The company's initial public offering of stock filed on the NYSE exchange on 25 January 2010. The proposed offer price range is $20.00-$20.00. The company is offering 10 million shares and raising $200 million. [1]

In FY2009 with year ended 31 December 2009, the company reported $72.2 million in total revenue, up 46.7% from $49.2 million in total revenue for FY2008. Furthermore, the company had $24.0 million in net income for FY2009, up 22.4% from $19.6 million in net income for FY2008. [1]


  1. 1.0 1.1 1.2 1.3 PAA Nautlra GAs Storage L.P. S-1/A
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