China's POLY-GCL Petroleum Group Holdings Ltd has signed a memorandum of understanding (MoU) to invest $4 billion in a natural gas project in the tiny Horn of African nation of Djibouti.

China's POLY-GCL Petroleum Group Holdings Ltd has finished drilling two appraisal wells in Ethiopia's southeast and will soon know the size of gas deposits there, a senior Ethiopian official said.

Chinese independent Poly-GCL has engaged French engineering giant Technip to study onshore liquefaction options for natural gas it aims to produce from Ethiopia and export via Djibouti.

Poly-GCL will obtain the feedstock gas for the offshore liquefaction plant from fields it operates in Ethiopia, which granted Poly-GCL 11 blocks a few years ago.

Poly-GCL is seeking regulatory approval to operate a terminal in China for the purpose of importing gas from Ethiopia but Mr Yu also stressed that the company is concurrently reaching out to gas ...

Ethiopia expects Chinese firm POLY-GCL Petroleum Group Holdings Ltd to begin drilling for natural gas in development blocks in the southeast by June or July, the mines minister said.

PM Abiy says Ethiopia to begin supplying domestically produced gas for first time as export ambition shift to domestic consumption ...

Sept 5 (Reuters) - China Oil Hbp Science & Technology Co Ltd : * SAYS IT WINS POLY-GCL PETROLEUM INVESTMENTS LIMITED ETHIOPIAN BRANCH'S BID FOR NATURAL GAS PROJECT FOR $312.5 MILLION Source text ...

In a major policy reversal, the Government of Ethiopia has officially scrapped its long-standing plan to extract and export natural gas from the resource-rich Ogaden Basin in the Somali Regional State ...

GCL told the Singapore Stock Exchange yesterday it wants to use the money raised by the issue of the notes to pay energy company Poly GCL Petroleum a US$30 million deposit to secure a one-year ...

China's POLY-GCL Petroleum Group Holdings Ltd signs an MoU to invest $4B in a natural gas project in Djibouti.