NETHERLANDS DAYBOOK: Shell’s Arrow Energy Plans Pipeline for LNG
Arrow Energy, the Australian gas producer acquired last year by Royal Dutch Shell Plc and PetroChina Co., plans to build a pipeline from the Bowen Basin to the site of its proposed liquefied natural gas project on the Queensland coast.
EARNINGS: Van Lanschot NV (LANS) reported 2010 net income of 65.7 million euros ($92.51). *ICT NV (ICT NA) posted 2010 net profit of 6.4 million euros.
EQUITY MOVERS: *Unilever (UNA NA) was raised to “buy” from “hold” at ING.
MARKETS: *The Amsterdam Exchanges Index gained 1.8 percent to 349.26. *The Stoxx Europe 600 Index rose 1.9 percent to 267.08. *The Euro was at $1.4066 at 8:09 a.m. Amsterdam time. *The Dutch 10-year bond yield was 3.452 percent at 8:09 a.m.
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