Connect with us

Hi, what are you looking for?

Jewish Business News


Roman Abramovich and BP Ex-Chief Hayward Fuel Natural Gas Projects

Roman Abramovitch Takes The Stand As Boris Berezovsky Sues Him For Billions

Roman Abramovich, who made a fortune in the Russian oil industry and owns the Chelsea football team, and Tony Hayward, ex-head of BP, are finding ways to enable smaller plants to transform natural gas into liquid and therefore, easily transportable fuel.

The revolutionary finds of natural gas in shales across America has led to greater hopes for energy independence, as well as a cheaper and cleaner alternative to regular oil. However, one major issue is to liquefy the natural gas so it can be transported. Usually expensive, large facilities are able to liquefy natural gas, but Abramovich and Hayward are developing solutions that allow this process to be carried out on a smaller scale.

Please help us out :
Will you offer us a hand? Every gift, regardless of size, fuels our future.
Your critical contribution enables us to maintain our independence from shareholders or wealthy owners, allowing us to keep up reporting without bias. It means we can continue to make Jewish Business News available to everyone.
You can support us for as little as $1 via PayPal at
Thank you.

“The primary problem has been confidence that the technology can be deployed commercially, ” said Hayward. “Once commercial proof of the concept has been delivered, and once we have a plant operating that has made an acceptable return on investment, then perceptions will change.”

Abramovich is building a stake in Velocys, a company that is developing the capability to make liquid fuel from shale gas. The costs to develop this technology on a small scale is high, but the cost savings in the long run are expected to be substantial. John Mann, a spokesman for Abramovich said, “We’ve made several investments in green energy over the past couple of years. We identified this field as one with good commercial prospects as well as the potential for a positive impact on the environment.”



You May Also Like

World News

In the 15th Nov 2015 edition of Israel’s good news, the highlights include:   ·         A new Israeli treatment brings hope to relapsed leukemia...


The Movie The Professional is what made Natalie Portman a Lolita.


After two decades without a rating system in Israel, at the end of 2012 an international tender for hotel rating was published.  Invited to place bids...

VC, Investments

You may not become a millionaire, but there is a lot to learn from George Soros.