huayi brothers media corp. ( chinese : 华谊兄弟传媒股份有限公司 ; pinyin : huáyì xiōngdì chuánméi gǔfèn yǒuxiàn gōngsī ) is a chinese entertainment company that owns a film studio , a television production company , a talent agency , a record label , and a movie theater chain founded in beijing by brothers wang zhongjun and wang zhonglei in 1994 .

the company made world news on october 30 , 2009 when the shenzhen stock exchange chinext board was halted , after hbmc 's stock price more than doubled by 122.74 percent from its ipo price , to open at 63.66 yuan per share .

patrick frater of variety called it " china ’s largest private sector film conglomerate " .

in 2014 , the company was the seventh-largest film distributor in china , with 2.26 % of the market .

huayi brothers

huayi brothers : huayi bros . ' dennis wang makes reassurances , promises stock purchases
:
the dragon
,
clear huayi brothers
,
h . brothers
owler has collected 14 screenshots of huayi brothers ' website since jun 2014 . the latest huayi brothers website design screenshot was captured in sep 2017 .
huayi brothers currently has 25 followers on twitter . as of december 2016 huayi brothers had 8 followers . that ' s a 212 percent increase in 1year
of huayi brothers expanded on the arrangement ,
huayi brothers has been exploring global expansion for a long time . i am very excited that huayi brothers is now in partnership with stx entertainment , which is known for its strong production and distribution capabilities in hollywood . this deal will help huayi brothers access the
huayi brothers ' s co - founder & ceo , wang zhonglei , currently has an approval rating of 50 % . huayi brothers ' s primary competitors are
bona film group - bona film group and huayi brothers to . . . | facebook
huayi brothers currently has 30 , 832 fans on facebook . as of april 2016 huayi brothers had 31 , 383 fans . that ' s a 1 percent decrease in 2 years
genfilms has been one of huayi brothers ' s top competitors . genfilms is a private company that was founded in 2010 in chengdu , sichuan province . like huayi brothers , genfilms also competes in the movies & entertainment sector . compared to huayi brothers , genfilms has 63 more employees .
“partnership with stx is an important step as huayi brothers implements an international growth strategy and enters the u . s . film market , ” huayi brothers ceo dennis wang said in a statement .
china ' s huayi brothers pacts with major u . s . film company to make 18 movies
huayi is an entertainment company that owns a film studio , television production company , talent agency , record label and movie theaters . huayi brothers is headquartered in chaoyang , beijing municipality . wang zhonglei is the co - founder & ceo of huayi brothers . huayi brothers has 3 companies in its portfolio , including magilm pictures . as of may 2018 , huayi brothers has 30 . 8k fans on facebook and 25 followers on twitter .
dmg entertainment is perceived as one of huayi brothers ' s biggest rivals . dmg entertainment was founded in culver city , california } in 1994 . like huayi brothers , dmg entertainment also operates in the movies & entertainment sector . compared to huayi brothers , dmg entertainment generates $ 121 . 5m more revenue .
huayi is an entertainment company that owns a film studio , television production company , talent agency , record label and movie theaters . huayi brothers was founded in 1994 . huayi brothers ' headquarters is located in chaoyang , beijing municipality , cn . . .
dennis wang , founder and chairman of chinese film conglomerate huayi brothers media , monday said that . . .
huayi brothers media corporation , an integrated entertainment company in china , said it may bring law . . .
if something were drastically wrong with chinese film studio huayi brothers , it would be hard to disc . . .
panarmenian . net - chinese film studio huayi brothers media has partnered with french mini - major gaumo . . .
china ' s huayi brothers pacts with major u . s . film company to make 18 movies | hollywood reporter
huayi brothers pictures , a top player in china ' s film industry , recently unveiled an ambitious slate . . .
huayi brothers media corp . ( chinese : 华谊兄弟传媒股份有限公司 ) is a chinese film production company , record label and talent agency founded in beijing by brothers wang zhongjun and wang zhonglei in 1994 .
the partnership was announced at a huayi brothers - hosted party on the eve of the shanghai international film festival on friday .
including bona film group , enlight pictures , huayi brothers , and china film group ( d ' altorio , 2011 ) .
huayi brothers media and ckf pictures would jointly produce
the mask of the black death
from a scri . . .
huayi brothers ' prospective deal with robinov comes during a busy week for deal - making between chinese and american entertainment companies .
huayi brothers ' s revenue is the ninth highest among it ' s top 10 competitors . the top 10 competitors average $ .
huayi brothers has employees and is the second highest among it ' s top 10 competitors . the top 10 competitors average 130 .
at a press conference in beijing on friday , huayi brothers media corp , one of china ' s leading enterta . . .
hit by a downturn in local box - office growth , leading chinese film studio huayi brothers media co . re . . .
huayi brothers media , one of china ' s leading film studios , says it will renew and expand its relation . . .
crew connection is seen as one of huayi brothers ' s biggest rivals . crew connection is a private company that was founded in golden , colorado in 1989 . crew connection operates in the publishing industry . crew connection has 133 more employees vs . huayi brothers .
huayi brothers media , china ’s leading film studio , has bought a 26 % stake in south korean talent management firm sim entertainment .
last year , huayi brothers ' revenue grew nearly 20 per cent to 2 . 4 billion yuan ; net profit was 890 million yuan .
shanghai , may 11 , 2015 / prnewswire / - - imax corporation ( nyse : imax ) and huayi brothers cinema invest . . .
this is not only a step for huayi brothers ' internationalization , but also the internationalization of chinese film companies ,
it said .
huayi brothers ' revenue in 2014 reached $ 380 million , up 19 percent , while operating profit rose 61 percent to $ 188 million .
huayi brothers earlier this year struck another deal with north american partners . it inked an 18 - movie co - financing deal with stx entertainment .
wang , chairman of the mainland ' s largest private film and television production company huayi brothers , has been aggressively expanding his business empire overseas .
huayi brothers , founded in 1994 by brothers wang zhongjun and wang zhonglei , has released such chinese hits as
journey to the west : conquering the demons
and
young detective dee : rise of the sea dragon .
los angeles , april 1 , 2015 / prnewswire / - - dennis wang , chairman and ceo of china ' s huayi brothers me . . .
an stx spokesman , steve elzer , said in an email , “we don’t comment on rumors . ” huayi brothers did not respond to a query .
trading of huayi brothers stock on the shenzhen stock exchange was halted briefly thursday after the company reported the potential deal in a filing on the exchange .
china’s huayi brothers media has teamed with “batman” producer michael uslan to launch a film and tv franchise based on the “ thunder agents ” comic book series .
an earlier version of a headline with this article rendered incorrectly part of the name of the chinese film company . it is huayi brothers , not brokers .
at cannes two years ago , huayi brothers announced a strategic co - production and distribution agreement with qed international to co - produce and distribute international projects .
last tuesday , huayi brothers and mainland lender ping an bank signed a 30 billion yuan ( hk $ 36 billion ) agreement for the bank to provide funds to back huayi ' s overseas expansion plan and domestic tourism project .
huayi brothers said in a statement that the investment in studio 8 is part of its globalization strategy , though china will remain the company ' s most important market .
originally founded in shanghai , huayi brothers media group is one of the biggest media groups in china . huayi brothers covers the business of movie production and publishing , record labels , celebrities management , advertising agencies , and fashion . in june 2011 , huayi brothers media group collaborated with u . s . legendary pictures , llc and set up a new company to expand the overseas market for its films . < br / > < br / > as the new addition to huayi family , huayi brothers fashion group represents a strong spectrum of international supermodels , commercial top models , new faces , and celebrities in china including shu pei , ming xi , well - known actor daniel wu , etc . besides the model management , the company also focuses on the pr events , reality tv series , and the retail market . take advantage of huayi’s affluent celebrity resources to link with entertainment and fashion industries , huayi brothers fashion group purpose to be the leading fashion groups in china .
the ceo of china ’s largest privately held film firm , huayi brothers media corp , says he’s eager to “renew and deepen” his company’s cooperation with robert simonds’ stx entertainment .
last year , huayi brothers said it would invest upward of $ 120 million in a film venture lead by jeffrey robinov , an ousted warner executive ; that deal also fizzled .
the regulatory statement from the shenzhen stock exchange - listed huayi brothers , which was mysterious in how little detail it contained , said that besides the distribution rights for greater china , including mainland china , hong kong , macau , taiwan and singapore , huayi brothers will also have global revenue share of the co - produced films . the pact will work through huayi ' s u . s . unit , which it set up last year .
: huayi brothers media corporation was started in 1994 by brothers wang zhongjun and wang zhonglei , and overtime became one of the biggest studios in china . in 2011 , it attempted to launch a joint venture with legendary pictures called legendary east , but it fell through the following year ( legendary ended up partnering with china film group in 2013 instead , and would be acquired by wanda group in 2016 ) . huayi brothers would partner with then new stx entertainment in 2015 .
in short , huayi brothers , which dennis wang and james wang have grown into the largest chinese company whose concerns are all entertainment ( film , tv , gaming , animation , location - based entertainment ) , is making the russo brothers the drivers of its global ip expansion beyond china .
huayi brothers recently announced their plan to build east asian ' s largest indoor film and tv studio complex in jiading district , shanghai . named huayi brothers culture city , the studio complex will occupy about 1 , 000 acres and will cost around one billion yuan ( us $ 152 million ) to build . huayi has envisioned it as a cultural tourism destination that follows the universal studios / warner bros . model , incorporating film studios , public tours , and entertainment rides for china ' s local movie industry . the new huayi brothers culture city will be within three hours ' driving distance of china ' s largest film studio to date , hengdian world studio in zhejiang province . as quoted by the hollywood reporter , an official of huayi brothers said ,
we feel the market is big enough to accommodate at least two studio facilities in the shanghai area .
huayi brothers is china ' s leading independent tv and film production company , and it is best known for producing domestic blockbusters such as feng xiaogang ' s aftershock , tony chan ' s hot summer days , and stephen chow ' s kung fu hustle . huayi brothers culture city will begin construction later this year .
the news landed in hollywood with a wait - and - see shrug . that is because chinese investors , in particular huayi brothers , now have a track record in the movie capital of arriving with a splash and then vanishing . a much - promoted deal between huayi brothers and legendary entertainment , a company behind hits like “godzilla” and “300 , ” collapsed in 2013 .
leading chinese film studio huayi brothers said on monday that it would launch an animation division headed by veteran hollywood producer joe aguilar , formerly of oriental dreamworks and 20th century fox , as ceo .
like its peers in hollywood , huayi also runs theme parks and gaming content .
under the terms of the groundbreaking deal , huayi will co - fund , co - produce and co - distribute virtually all stx entertainment films through the end of 2017 . huayi brothers will have global revenue share of the co - produced films , and will considerably strengthen its imprint in
also , huayi brothers is working with a new chinese helmer , cao baoping , on “the equation of love and death , ” which is being shot in yunnan province and stars mainland thesp zhou xun .
beijing - based film production company huayi brothers media corp . plans to invest up to $ 150 million in a new movie company from jeff robinov , the former president of warner bros . pictures group .
huayi brothers ' 2014 - 2015 plan h includes movies featuring 26 top directors and producers , such as feng xiaogang , tsui hark and jackie chan , with whom huayi is making the historical epic dragon blade , which is set to release at the chinese lunar new year early next year .
: in the sky , we glide across a field of clouds . then , a tower of clouds rises up and the top starts to turn orange . the top then seperates and then blows away to reveal the huayi brothers logo , though in silver and now styled as
h . brothers
. and chinese characters .
. this agreement between huayi brothers and stx entertainment is a model for what can be achieved when great companies are determined to find the right formula to catalyze their success together . much more than a financial transaction , the partnership between huayi brothers and stx entertainment is a strategic alignment that will maximize the synergies inherent in each company ' s unique skill sets and assets . and i must thank my friend and colleague
filmart : im global falls for romantic movie pair from china ' s huayi bros .
wang was speaking ahead of the preem of “assembly , ” which the brothers are co - producing with korea’s mk pictures .
co - managed by wang zhonglei and his brother zhongjun and supported by hong kong tycoon li ka - shing and alliances with media asia , huayi brothers has emerged as the top private company in the chinese biz .
huayi brothers primarily invests and operates in three major business segments : the media and entertainment business including films , tv shows , and talent agencies ; brand licensing business including movie communities , cultural cities and movie theme parks ; and interactive entertainment businesses including gaming , new media and online distribution . in recent years , huayi brothers has been known for its forward - thinking and innovative philosophies and is widely considered as the pioneer and leader in
los angeles — huayi brothers media , a chinese movie company with international aspirations , has publicly linked arms twice in the last three years with a hollywood company only to have the deals fall apart at the last minute .
china’s biggest private - sector film company , huayi brothers , already is one of the country’s weightiest entertainment conglomerates and is planning to take things to a new level with a stock market listing and expansion into cinema chains .
the group also confirmed it would invest between $ 120 million and $ 150 million in studio 8 , saying the stake purchase was an important step for huayi brothers to explore the hollywood market and develop an international strategy .
leading chinese private film and tv company huayi brothers is planning to sign a deal with an unnamed u . s . film company to jointly fund , shoot and release more than 18 films before the end of 2017 .
chinese film studio huayi brothers media has partnered with french mini - major gaumont to co - produce a chinese - language remake of french comedy the party ( la boum , 1980 ) , the first film to star sophie marceau .
huayi brothers ' top 8 competitors are genfilms , crew connection , dmg entertainment , uitv , upstudios , douyu , xgentertainment and mar vivo studio . together they have raised over 188 . 0m between their estimated 1 . 0k employees .
huayi brothers said in a statement that it would invest $ 120 million to $ 150 million in robinov ' s studio 8 , and distribute the company ' s movies in china . an official agreement has not yet been signed .
stx entertainment pacts with china’s huayi bros . to produce 12 to 15 pics a year | deadline
china’s huayi brothers media has teamed with “batman” producer michael uslan to launch a film and tv franchise based on the “thunder agents” comic book series . uslan announced the pact and the projects at a panel discussion during new york comic con this weekend . he and huayi , china’s largest private sector film conglomerate , later held [ … ]
( reuters ) - chinese film production company huayi brothers media corp has closed a three - year deal with new hollywood studio stx entertainment to jointly finance , produce and distribute up to 15 movies annually by 2016 , the companies said on wednesday .
film industry , with participation in all segments including film financing , production and distribution . partnership with stx is an important step as huayi brothers implements its international growth strategy and enters the u . s . film market . this agreement will also improve
huayi said it plans to announce additional hollywood hires for the startup animation unit in the coming weeks .
huayi brothers media corp . engages in film production , distribution and associated businesses , including ; drama production , distribution , artists representation and agency and related services . the company was founded on november 19 , 2004 and is headquartered in beijing , china .
the sim move follows the recent acquisition by huayi of a leading position in jiuhao health , a listed company in hong kong that will become a prime vehicle for huayi’s overseas expansion . jiuhao , which also counts chinese internet giants tencent and alibaba among its backers , is soon to be renamed huayi tencent entertainment . huayi said that it may prove useful to have a korean listed vehicle as well as hong kong investment vector .
the films produced by stx and huayi will be made for markets around the world , simonds said , with the hope that huayi will help secure distribution in china , which limits imports of foreign - made movies .
the china market is growing so fast , there ' s no doubt a world - class entertainment company will emerge from china ,
wang , 54 , said .
we hope huayi brothers can [ achieve that ] within three to five years .
the low - key executive was the center of the wheel and brought all these players together . simonds and tang had known each other for decades ; tang had known huayi brothers dennis and james wang for 20 years . tang also was longtime friends with dominic ng , chairman / ceo of east west bank , which provided the financing component for the stx / huayi transaction .
huayi brothers media , china’s leading film studio , has bought a 26 % stake in south korean talent management firm sim entertainment . making the investment through its music subsidiary , huayi is paying $ 19 . 5 million ( rmb127 million ) for just over a quarter of sim , which listed its shares on the kosdaq exchange in september last year . sim represents [ … ]
huayi and disney have different approaches , but we share the same vision . that is to produce good movies and build solid brands . disney has its impact felt globally and huayi is making waves in china .
similarly , such major production companies as huayi brothers media and beijing baofeng technology have invested in businesses founded by actors . china ' s box office sales jumped nearly 50 % in 2015 to 44 billion yuan . funds are flooding toward the country ' s biggest stars .
look at warner brothers . it has more than 100 years of history and is valued at us $ 40 billion . i believe we don ' t need to wait that long to see [ huayi ' s ] market value reach tens of billions of dollars .
he returned to china in 1994 and set up huayi brothers , then an advertising firm , with his younger brother wang zhonglei . four years later , he invested in a teleplay upon a former colleague ' s advice ; the move earned him more than 4 million yuan .
press release : huayi brothers : samuel l . jackson , michael cera and mel brooks lead an all - star voice cast for
blazing samurai
that also includes george takei , gabriel iglesias , aasif mandvi , djimon hounsou , mel b . and michelle yeoh , among others
the first film from stx and huayi , psychological thriller “the gift” starring jason batemen , will reach theaters in july .
huayi revealed it was also involved in backing two animated features from hollywood , which are due for release next year .
in comparison , huayi brothers media — which in 2014 recorded net income of $ 146 million — is valued at $ 7 . 9 billion , while enlight media is worth $ 5 . 98 billion and bona film group , which made $ 17 million , is worth $ 542 million .
so far , huayi brothers has signed deals with 13 cities and aims to build 20 such projects across the mainland . for each project , the company will receive 100 million yuan from the park developer for the right to use its trademark . it will also get a 10 per cent cut of profits .
huayi and its partners are targeting a 2018 release , with a director and casting announcements to be made later in the year .
“before we were involved in co - production but couldn’t enter the mainstream u . s . production and distribution chain . this time huayi has a good opportunity and we hope to make blockbusters like inception , ” said huayi founder and chief executive wang zhongjun .
hollywood has set its sights on the massive movie - going market in china but filmmakers in the world ' s second - largest economy are stepping up efforts to carve a niche in the u . s . , says an executive at one of the country ' s largest movie makers , huayi brothers media corp .
, chairman of huayi brothers , said in a statement that “u . s . film operations and chinese film operations are similar , the key is the talent . if you can get a hold of three famous directors , you will have the hope of being on the forefront of u . s . film companies .
huayi ' s target is to produce seven to eight english movies a year , with a budget of $ 60 million per movie .
since last year , huayi has released four english movies with stx , including the gift , which beat expectations at the box office .
in the medium - term , huayi is targeting to make 10 english movies a year on top of 15 to 20 chinese movies .
“huayi are full partners at the table , engaged creatively and in business terms , ” said uslan in a speech at the u . n . uslan said he had spent two years engaging with huayi building trust , before attempting to thrash out the details of the financing and production deals .
s not just about capturing another large market but strengthening content making capabilities as well , said huayi chairman and chief executive officer , dennis wang .
china’s biggest private - sector film company , huayi brothers , already is one of the country’s weightiest entertainment conglomerates and is planning to take things to a new level with a stock market listing and expansion into cinema chains . “we’re pretty diverse right now in terms of entertainment with tv , film , artists representation , advertising and our music label . [ … ]
in april 2015 , stx and huayi forged a three - year pact to co - produce and distribute 12 - 15 films per year . under the partnership , huayi collects a share in the global revenues of the slate . it also has the first right to distribute most stx movies in china .
the huayi private shareholders approved the deal at 1 : 15 am pst today . noah fogelson and jordan lichtman were in - house counsel for stx .
• legendary pictures chairman thomas tull announced in june 2011 that he was forming a joint venture with huayi to co - produce movies in china . six months later , the companies parted ways . hull and his partners grew alarmed when huayi ' s executives wanted to renegotiate terms of the deal , increasing its ownership stake from 10 % to 25 % , said one person with knowledge of the matter . huayi later teamed up with burbank - based stx entertainment .
huayi brothers , a publicly traded company in china , disclosed the new venture today and gave a picture of the ambition to its shareholders . it disclosed that huayi will contribute $ 250 million for operation , overhead , production development and ip acquisition in mainstream global english - language , franchise tentpole films to be distributed worldwide . it will commit $ 100 million in production funding as well . huayi brothers will have distribution rights in greater china and south east asia ( including mainland china , hong kong , macau , taiwan , burma , thailand , vietnam , malaysia , etc ) , and has the right to exploit theme park construction , development and operation based on russo - generated projects . there also will be investments in television productions , which makes sense given the russos’ strong background in series including arrested development , community and happy endings . they won an emmy for directing the pilot of arrested development .
dreamworks is a great company . but in terms of market value , huayi is five times that of dreamworks at its peak ,
wang said .
while immediately establishing a prominent worldwide foothold in film production and distribution . as part of the pact , huayi will be granted a first look distribution deal in
, chairman of stx ' s motion picture group added ,
we are thrilled that we have been so immediately embraced by the creative community , and feel fortunate to have attracted a number of outstanding projects involving high caliber filmmakers and talent . this agreement with huayi brothers allows us to take advantage of these opportunities and immediately broaden our plans in a meaningful and significant way .
huayi said described its role as “co - producer , investor and ip owner , ” adding that it will enjoy “a proportional share of the global revenues . ”
the establishment of an animation company signifies that the company will enter the animated movie industry with world - class production skills ,
huayi said in a statement .
huayi’s co - production journey to the west : conquering the demons was the highest - grossing film of 2013 , with a $ 206 million box - office take .
in a vague regulatory filing with the shenzhen stock exchange on monday , huayi brothers said that it would co - produce , co - finance and distribute in china up to 18 movies with an unidentified united states film company . on tuesday a person with knowledge of the plan , speaking on the condition of anonymity to discuss still - private aspects of a deal , said the company in question was stx entertainment .
a regulatory statement from huayi doesn ' t reveal the u . s . studio involved , but said the deal will revolutionize the international role of the chinese film business .
founded in beijing in 1994 by chairman & ceo mr . wang zhongjun and president mr . wang zhonglei , huayi brothers media group corporation is one of the largest ngo entertainment groups in china . it is the owner , producer and distributor of some of china’s most popular film and television productions , and leads the entertainment industry through highly innovative approaches to its film , television , talent agency , music and other businesses .
the venture doesn’t yet have a name , and its full - financing scheme is still in process . they’ve got seed money from china - based huayi brothers media corporation ( $ 250 million to get up and running , and $ 100 million in production funding ) , and have made their first deal—the next film by unique swiss army man writing / directing team dan kwan and daniel scheinert , better known as the daniels .
china ' s huayi brothers unveiled its annual slate on thursday of upcoming movies for 2014 - 2015 - - what the studio calls its “h - plan . ” the lineup signals bold ambitions for the chinese production company , with 32 movies outlined , including projects that will see the studio link up with johnny depp , brad pitt and keanu reeves , and a confirmation of its investment in the studio 8 venture with former warner bros . film chief jeff robinov .
it sets a good example that the intellectual property rights of good movies can be extended in theme parks … huayi ' s idea of launching our own theme parks comes from disney , although we adopt a different model . our investments are smaller , but huayi will build 20 tourism villages in china ; disney won ' t be able to do that ,
wang said .
maybe one day i will have my own museum to display my collections ,
wang said .
will it become part of huayi ' s business some day ? very likely .
stx entertainment has just established itself as a force to be reckoned with . the company today officially sealed a deal with china’s largest privately held film firm , huayi brothers media corp , in a three - year pact that begins in 2016 for 12 - 15 projects per year . deadline understands the deal is to be structured as a revolving line of credit estimated at upwards of $ 1 billion for films to be co - produced and distributed with huayi . there are a number of titles that have already been approved , but have yet to be announced . although the relationship between the parties begins immediately , stx will not see its slate ramp up until next year .
china ' s biggest private entertainment incorporation , huayi brothers , has achieved huge monetary success due to its long - term cooperation with feng xiaogang , one of the most successful chinese directors in the box office , as well as the large amount of well - known chinese stars under its contracts . last year , huayi contributed over 1 . 7 billion yuan ( $ 258 . 68 million ) to the entire chinese box office gross by producing several highly - successful commercial movies , including aftershock and if you are the one 2 . earlier in march , the ceos , brothers wang zhong jun and wang zhong lei , disclosed in an interview with xinkuai newspaper that huayi bros . aims to hit a box office of 10 billion yuan in the next five to six years . huayi is making an
h plan ,
meaning
high hope
in 2011 , which may extend to 2012 . the plan includes ten films with high production value , such as feng xiaogang ' s new film , wuershan ' s painted skin 2 , and projects by hark tsui and tom lin . in addition to encouraging young filmmakers , wang zhong lei says that they want to build a type of
film industrial system
that prioritizes content and invests in filmmakers with creativity . due to the huge marketing success of let bullets fly , wang says that huayi will invest more in marketing during this next period , specializing in different levels of marketing and publicity for each film . wang ' s ambition to be the leader of an empire that integrates producing - distributing - releasing into one system is apparent .
exclusive : joe and anthony russo , who follow captain america : civil war with back - to - back sequels to the avengers , are in negotiations to strike a substantial production partnership with china - based huayi brothers media corporation . the goal here is to hatch a full - service production and financing company to ramp up after the avengers sequels and create english - language content for global distribution . the new company will aim to develop high - concept material that focuses on storytelling and strong characters .
in 2009 , huayi - by this time a business empire covering film , television and music production , market promotion and cinema distribution - was listed on chinext , the nasdaq - style board in the shenzhen stock exchange .
making the investment through its music subsidiary , huayi is paying $ 19 . 5 million ( rmb127 million ) for just over a quarter of sim , which listed its shares on the kosdaq exchange in september last year .
huayi will get involved in the political thriller john wick , featuring reeves , who shot his man of tai chi in china , and is also investing in the lionsgate action comedy mortdecai , with depp , who recently visited china .
his brother wang zhonglei , who is president of the company , said this was the 20 th anniversary of huayi’s foundation and over that time the group had earned $ 1 . 5 billion ( 9 . 2 billion yuan ) .
tencent then entered into a strategic tie - up with hbo to become the pay - tv company’s sole distributor in china . quite interesting is that today launches some government controls in china over the internet via its regulatory authority sappfrt which is designed to limit foreign content on chinese video websites . however , think about this : since stx and huayi are in a strategic partnership and huayi has a sharing interest in stx film content , it seems that this limitation can be avoided for the most part .
deadline understands that this is a pure investment play , intended to broaden huayi’s reach outside of china and see it participate in a global slate . along the lines of a wanda / amc , china is not the focus of the partnership — in other words there is no mandate to make chinese movies . huayi , it is understood , will automatically invest in the titles that stx triggers . the planned model of $ 20m - $ 60m budgets will stick ; and output deals are being established for international distribution .
so many american companies are coming to china , taking a certain percentage of our market share , yet they can still deliver billions of dollars of box office back home . i think companies like huayi and wanda do have the capital and experience to make english movies
unlike wanda , huayi said it is not looking at its own studios in hollywood to grow the company internationally . in 2014 , the chinese firm had tried to invest in studio 8 , a hollywood startup in 2014 run by former warner bros executives but the deal fell through .
huayi was a major investor in brad pitt and shia labeouf ' s fury , and last year it was in the frame for a major capital investment in jeff robinov ' s studio 8 venture , before the industrial conglomerate fosun stepped in with a $ 200 million capital injection .
the brothers currently are co - producing the $ 70 million “forbidden kingdom , ” “the diaries of john rabe , ” a $ 20 million movie about the man known as the “good german of nanking , ” a card - carrying nazi party member and siemens engineer who set up a red cross exclusion zone that protected tens of thousands of residents from the japanese onslaught during the rape of nanking in 1937 .
to that end , they have put a number of films into the pipeline : writer - director gary ross’ free state of jones starring matthew mcconaughey as newton knight who was the leader of one of the greatest rebellions in civil war history ; a remake of the 2010 oscar best foreign language film the secret in their eyes with chiwetel ejiofor , nicole kidman and julia roberts ; the psychological thriller the gift from producers rebecca yeldham and jason blum’s blumhouse with jason bateman , rebecca hall , and joel edgerton ( who is making his directorial debut ) ; and the horror film the boy from william brent bell ( the devil inside ) . huayi brothers will now be stx’s partner on all of these films .
at the time , the companies said it was the first time that a chinese film firm would be involved in the entire process — from production to marketing to distribution . the first stx film huayi released in china was last year’s the boy . the agreement expires in the first quarter of 2018 .
wang has also made a foray into the online market . he has injected over a billion yuan in mobile internet game developers ourpalm - listed in the shenzhen exchange in 2012 - and guangzhou ' s yinhan technology . in may , digital marketing firm guru online , in which huayi invested , went public in hong kong .
in addition , huayi will share in the global revenues of the slate and have a first - look distribution deal in china on most of stx’s films . according to the company , “the deal marks the first time that a chinese film company will be involved in the entire process — from production to marketing to distribution . ”
“taking into account such elements as the superhero concept , and the story of the united nations agents , we believe that this ip on a global scale have to have great commercial value , ” said james wang , co - chief of huayi . “it also creates the space that will allow us to integrate chinese elements as co - productions . ”
in november , huayi bros . , which saw its income from film decline 75 percent in the first nine months of 2014 , said it planned to raise $ 588 million in a private placement , and technology giants alibaba and tencent bought a stake . it also signed a strategic agreement with alibaba on e - commerce , online entertainment and movie development .
this strong tie between stx and chinese investors comes as the country is poised to become the no . 1 market for theatrical films and svod . it has 1 . 3 billion people and already has about 20 , 000 movie screens . also interesting is that china’s biggest internet companies , alibaba and tencent have both taken 8 % interests in huayi bros . entertainment .
logo : on a dark blue / blue graident background , we see a glowing , white
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htf
. it stops glowing and then 2 big red stars and 8 smaller red stars appears on top and bottom , forming a ring that then makes a red rectangle behind the text . a line of sparkles flies across the bottom of the screen , revealing
huayi brothers & taihe film
and the chinese characters above it . the logo and text shine repeatably . fx / sfx : the text rotating , the ring of stars , the shining . the quality of the cgi is good for the time . music / sounds : a rising drone ending with 2 orchestral hits .
also partnering on the project is shanghai - based production company aim media , best known for the hit chinese reality series running man , and later film adaptation of the same name , along with the hit romantic comedy beijing love story . aim ' s ceo li yaping will serve as a producer on the remake , along with huayi brother ' s ceo jerry ye .
with hony , it had planned to put four films in the marketplace next year , then six the following year ( 2016 ) and then eight a year moving forward thereafter with an average budget of $ 40m on a marketing and distribution budget on average of $ 35m domestically . with huayi bros . now as a partner , stx entertainment ’s business plan has accelerated significantly .
huayi’s james wang told bloomberg over the weekend that — with their landmark three - year co - production and distribution deal due to expire in early 2018 — he wants to expand the relationship “beyond slate financing . ” the companies have held in - depth discussions about further investment and strategic collaboration , he added , although he did not provide specifics . deadline has reached out to stx for comment .
despite his bullishness on disney ' s $ 5 . 5 billion theme park in shanghai that will open in june , wang said it is unlikely that the american giant will be able to open any theme park in china in the medium - term as its investment in each park is large and its open - air concept limited by geography . huayi ' s theme parks meanwhile leverage on local content .
according to an executive with knowledge of the huayi deal , stx will be able to greenlight “already approved” projects which are yet to be announced . it is already established that stx was going to develop product for the chinese market . tpg growth’s bill mcglashan , who lived in china for five years and has done business with the chinese for 25 years , told deadline at the onset that was the strategy .
. the studio , which was founded on the principle that mid - range wide appeal films were under - represented in the current landscape , was already on an aggressive track to produce , market and distribute 8 - 10 major motion pictures a year . this agreement with huayi allows stx entertainment to immediately greenlight additionally identified projects and to increase their release schedule to 12 - 15 films a year by 2016 .
• beijing - based film company huayi bros . media corp . announced last year that it had agreed to invest as much as $ 150 million in studio 8 , the production company launched by former warner bros . executive jeff robinov . but the sides couldn ' t come to terms , and the partnership never materialized . shanghai - based conglomerate fosun international later signed a deal to invest in robinov ' s company .
uslan announced the pact and the projects at a panel discussion during new york comic con this weekend . he and huayi , china’s largest private sector film conglomerate , later held a launch party at the united nations , which is also a partner on the package , along with florida firm cea group , and graphic novels house idw publishing . united nations secretary general ban ki - moon provided a skit by video link .
that project never played beyond festivals—the brothers set the film to specific music , whose rights they didn’t secure and couldn’t afford . luckily , soderbergh saw it at slamdance and took them under his wing , backing their first released film , welcome to collinwood . well , it wasn’t much of a release ; the auteur put the picture through the warner bros . deal he and george clooney’s now - defunct section eight had at the time . the $ 7 million movie played in 12 theaters and grossed $ 300 , 000 , but it was a calling card to tv series work including arrested development , community and happy endings , and paved the way for features .
the talks on the stx / huayi partnership began last october in beijing . tang told deadline that this transaction is really part of a bigger picture , a strategic alignment for both parties . “this transaction is part of a deeper strategy . it’s a strategic financing arrangement that will bring stx into a collaboration with major players in china , ” he said . in other words , this is clearly a first step in what will be a deeper series of strategic alliances .
5th logo ( 2014 - ) nicknames :
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china ' s lionsgate
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“it’s very satisfying to see a deal of this size come to fruition , ” said attorney lindsay conner at manatt , phelps & phillip , who led the legal team for huayi bros . in the u . s . “i believe it represents an increasingly close partnership between hollywood and china . both sides of the pacific understand the benefits of working together in what is clearly a global film business . ” manatt’s sophia yen and kiley wong were the other attorneys on the team .
the russos have a chinese studio , anthem and song , but that is a separate entity from the new deal . it is a good time from the siblings from cleveland , whose second captain america film for marvel studios and disney became the fifth - highest - grossing domestic release ever . it also grossed just under $ 200 million in china . the avengers films — the first is titled the avengers : infinity war — are set for release may 2018 and may 2019 . the russo brothers are also producers on stx entertainment’s 17 bridges , fox’s sex castle and fox 2000’s space runner , and they joined creed ‘s michael b . jordan as producers on mgm’s planned remake of the thomas crown affair . they recently announced a tv series based on the classic walter hill - directed pic the warriors , which will be a paramount television production , also in association with getaway productions .
this deal marks yet another chinese player who has reached into hollywood . hony capital is already invested in stx . fosun international , the largest privately - owned conglomerate in mainland china , invested last year in jeff robinov’s studio 8 to produce 24 films over five years ( huayi had previously held talks with studio 8 and also lionsgate . ) dalian wanda , a leading chinese conglom , acquired amc entertainment holdings for $ 2 . 6b in 2012 . last month dmg entertainment ( which co - produced and co - financed marvel studios’ iron man 3 ) grabbed hold of valiant comics in what they said was an eight - figure series c round of equity investment deal for international business development with an additional nine - figures in film financing capital to be used for production of film and television projects .
hollywood executives have learned to greet news of a partnership with chinese firms with a degree of skepticism . above , audiences in china watch a 3 - d showing of “transformers : age of extinction . ” ( chinafotopress / getty images )
hollywood talent agent jeff berg flew to shanghai last summer to celebrate one of his biggest deals — a partnership with chinese investors in resolution , his new agency in century city .
two hundred business executives , government officials , actors and journalists gathered at the swank hotel shangri - la to mark the occasion . celebrities posed for photographs . guests dined on roast duck , fish and other dishes as a giant digital screen displayed the companies ' logos .
four months later , the deal collapsed . the millions of dollars promised by bison capital never materialized , and berg was forced to shut the agency down .
as hollywood increasingly looks to china as the new frontier , berg ' s experience serves as a cautionary tale .
while the entertainment industry eyes china as a source of capital and customers , interests there often approach the relationship with a very different agenda , according to studio executives and others who have sought partnerships in china .
some investors are more interested in appearing to be in business with hollywood than in putting serious money into deals , these people say — to boost their stock prices or profiles . ( american studios also like to be seen to be doing deals in china . )
in other cases , entertainment industry leaders say , chinese companies are looking to learn strategies and techniques to make their own film industry a stronger competitor .
making money is not necessarily the most important thing right now — it ' s to learn the industry . because most people in china will tell you there isn ' t an industry the way there is in hollywood ,
said stanley rosen , a political science professor at usc and an expert on china .
they want to learn everything they can about the business until they don ' t need you anymore .


the dampier to bunbury natural gas pipeline ( dbngp ) is the longest natural gas pipeline in australia .

it is 660 mm in diameter , which also makes it one of australia 's largest in terms of transmission capacity .

at the time of its commissioning in 1984 , it was one of the longest gas pipelines in the world .

the pipeline runs from a point near withnell bay , on the burrup peninsula near dampier , to bunbury in the south-west of the state .

it carries natural gas , most of which enters the pipeline at the domestic gas plant associated with the north west shelf venture project .

the other main inlet point is approximately 135 km south of dampier , where one of the sales gas pipelines from varanus island connects with the dbngp .

in june 2008 , following a pipeline rupture and explosion at the varanus island facility , the dbngp carried additional volumes of gas from the north west shelf plant to the south-west of the state , for a period of several months .

see : 2008 western australian gas crisis as a single trunkline it is 1530 km long , extending from the burrup peninsula in the pilbara region , to bunbury in the south west of western australia .

it supplies gas to industrial , commercial and residential customers in perth and major regional centres along the pipeline route .

it is covered by western australian pipeline license pl-40 .

a number of lateral pipelines are connected to this pipeline , most of which are covered by separate licenses , although pl-40 itself covers the main trunkline and some laterals totalling a length of 1789 km .

dampier to bunbury natural gas pipeline

a chinese company has made a bid for the dampier - bunbury gas pipeline .
the dampier to bunbury natural gas pipeline ( dbngp ) is one of the largest capacity natural gas pipelines in australia supplying natural gas to industrial , commercial and residential customers in perth and major regional centres along the pipeline route .
the owner of the dampier to bunbury natural gas pipeline has announced further expansion plans after receiving additional firm capacity requests from existing and prospective users of the pipeline .
dbp transmission ( dbp ) , the owner and operator of the dampier to bunbury natural gas pipeline ( dbngp ) has announced practical completion of the stage 5b expansion project .
the owner of the dampier to bunbury natural gas pipeline anticipates construction work as part of the next stage of its $ 700 million expansion plans , will begin early next year .
extending almost 1 , 600 km from the pilbara region to the southwest of western australia , the dampier to bunbury natural gas pipeline is an essential piece of gas infrastructure , supplying 90 per cent of the demand for gas in the region .
dbp is the owner and operator of the dampier to bunbury natural gas pipeline ( dbngp ) , western australia’s most important piece of energy infrastructure . it has been in continuous operation since 1984 .
the dampier to bunbury natural gas pipeline ( dbngp ) is the longest natural gas pipeline in australia and runs entirely underground . it was commissioned in 1984 following three years of planning and construction . the dbngp is currently operated by dbngp ( wa ) transmission pty limited and trades as dbp . dbp is part of the australian gas infrastructure group .
“the dampier to bunbury pipeline is already a privately owned asset and a critical piece of infrastructure that is independently regulated , ” mr barnett said yesterday .
after almost three years in planning , construction on the pipeline was launched in 1982 . natural gas was introduced into the pipeline in 1984 when the first stage stretching from dampier to kwinana junction was commissioned with throughput of about 240 tj / d . in 1985 the pipeline was extended to bunbury .
it comes as no surprise then that pipeline owner dampier bunbury pipeline ( dbp ) has expanded the pipeline’s capacity twice since it , acquired the pipeline in 2004 and has recently obtained necessary financing and equity commitments for an additional expansion .
duet , owner of the dampier to bunbury gas pipeline and other national energy assets , said yesterday hong kong billionaire li ka - shing’s cheung kong infrastructure had lobbed the takeover bid .
the owner of the dampier to bunbury natural gas pipeline has opted for a staged capacity expansion , fuelling speculation that planned expansion projects at alcoa ' s wagerup alumina refinery and bhp billiton ' s worsley alumina refinery will be deferred .
this report , published as bulletin 1153 , provides the environmental protection authority ' s ( epa ' s ) advice to the minister for the environment on the strategic assessment of the concept by the gas pipeline sale steering committee ( gpssc ) to expand the existing dampier to bunbury natural gas pipeline ( dbngp ) corridor between kwinana and the kemerton industrial estate .
the dampier to bunbury natural gas pipeline ( dbngp ) is a transmission pipeline owned and operated by dampier bunbury pipeline ( dbp ) . dbp is a part of the australian gas infrastructure group ( agig ) . agig is owned by various consortia of hong kong - based entities listed on the hong kong stock exchange . the consortia include ck asset holdings ltd ( cka ) , ck infrastructure holdings ltd ( cki ) , power assets holdings ltd ( pah ) and ck hutchison holdings ltd ( ckh )
on 31 december 2014 , dbngp ( wa ) transmission pty ltd ( dbp ) submitted proposed revisions to the access arrangement for the dampier to bunbury natural gas pipeline ( dbngp ) . the era published an issues paper on 20 april 2015 , and received six submissions from interested parties in response .
around 500 bc , the chinese formed crude pipelines out of bamboo shoots to transport natural gas from natural seeps to boil sea water , separating the salt and making it palatable .
in april 1961 , 140 years after the fredonia well , natural gas supply to the roma , queensland powerhouse commenced . this was the first time in australia that natural gas had been used to fuel electricity generation .
both natural gas and the pipeline play an important role in the state’s economy , providing the energy many major mining and resources customers need to power their operations . manufacturing and minerals processing industries are also underpinned by energy produced from natural gas .
this has built more than 45 years of experience in commercial large - scale natural gas production .
natural gas was formed in the earliest prehistory of our planet , during the jurassic period and earlier eras .
in fact , wa is the most energy and gas - dependent economy in australia with natural gas supplying more than half of wa’s primary energy needs .
find out how to become registered in the specific area of practice of oil and gas pipeline enginering .
so , after 3000 years of natural gas , people continue to use ingenuity and experience to tap this valuable resource to warm homes , cook meals and drive industry .
exploration and development to keep these pipelines full and meet the demand for natural gas continues , building on the decades of industry experience .
the first well drilled for producing natural gas was completed in fredonia , new york in 1821 , 193 years ago .
as well as funding the pipeline project , secwa was the foundation contract for the new supply of natural gas . secwa entered into a long term contract with the north west shelf partners to purchase fixed volumes of gas . the pipeline was also developed with the support of alcoa as its initial cornerstone customer .
at the same time , lng producers continue to commit to 20 - 25 year contracts to export wa gas to overseas customers .
following the recent pipeline rupture at apache energy’s varanus island facilities , cutting western australia’s gas supply by 30 per cent , there has been speculation about the need for a second major gas pipeline in the state .
gas contributes up to 50 per cent of western australia’s primary energy use and fuels up 60 per cent of the state’s electricity generation capacity . the dbngp is the only natural gas pipeline connecting the carnarvon basin on western australia’s north west shelf with perth and the surrounding region .
the dbngp was constructed by the state energy commission ( secwa ) to transport gas from the north west shelf gas fields near dampier to customers in the south - west of wa . construction began in 1982 and was completed in 1985 with the pipeline being extended to bunbury . the secwa as well as funding the construction of the pipeline also had the foundation contract for the supply of gas . the dbngp was also developed with the support of alcoa as its initial cornerstone customer . in 1998 , as part of the privatisation of the secwa the dbngp was sold to epic energy .
the pipeline’s capacity has increased since 2005 by over 50 % to meet gas demand in the south west and pilbara regions of western australia .
one terajoule is enough gas to supply an average home for about 50 years .
the pipeline is expected to be in service for at least the next 50 years .
prices are now two to three times the price of new gas in victoria . business and households face sharply rising gas and electricity prices .
after reviewing the wa’s future gas needs , the state government agreed to fund the building of a gas transmission pipeline that connected the gas fields in the state’s north with customers in the south - west . other methods of transporting gas from the north west gas fields such as road tanker , rail and ship were considered , but it was deemed that a pipeline offered the most efficient , economical , safe and environmentally acceptable means of transport .
established in 1984 , the pipeline is responsible for supplying domestic gas from north west projects to homes and businesses in perth and the south west .
australian pipelines and gas association chief executive cheryl cartwright said foreign investment was not unusual in australia , including the pipeline industry .
dbp bought the pipeline from epic energy in october 2004 , which had previously purchased the pipeline from the state government in 1998 . since
however arguments against this take into account the production challenges western australia faces in regards to the supply of natural gas , as well as the ability for the dbngp system to continue expanding through the progressive addition of further looping and compression .
the pipeline’s proximity to homes , parks and playgrounds also meant a great deal of engineering analysis was required to ensure community safety .
the discovery of large offshore reserves of natural gas in the north of wa by west australian petroleum pty ltd and woodside petroleum in 1975 was the very beginning of the dbngp story .
gas today is the best source of trusted business information for the australian gas industry . gas today comprises an eponymous quarterly magazine , a news website , the annual book australia ' s gas leaders , and a range of industry reference materials including an industry directory and maps .
shortly after that , australia started a major investment in bringing gas to city homes and industry .
“we will work with any infrastructure group or company that is interested in the future of australia’s gas and pipeline industries , ” ms cartwright said .
taking ownership , dbp has made expansion of the dbngp a key focus of the company , committing a total of $ 1 . 8 billion to expanding the pipeline’s gas haulage capacity to meet western australia’s growing demand . this equates to 125 per cent of the regulated value of the pipeline as at 2005 .
the mainline , loop and lateral pipes are buried to provide stability in gas transportation and protection from damage .
in may 2005 the dbp board approved a $ 430 million expansion program – known as the stage 4 expansion – comprising eight new compressors and over 200 km of looping . looping involves installing additional pipeline parallel to the existing pipeline and then connecting the new pipeline back into the existing pipeline . this expansion increased the pipeline’s capacity by over 100 terajoules per day ( tj / d ) and was completed on time and within budget in february 2007 .
“these projects were all carried out in response to customer requirements . they were planned and executed to ensure that gas was available when it was needed for those customers’ projects and dbp remains ready and able to meet the future gas transmission needs of the state . ”
“as a result of these three projects , the firm full haul capacity has been increased by more than 300 terajoules per day and around 85 per cent of the dbngp between the north west shelf and bunbury is now duplicated , effectively creating a second pipeline to further improve reliability of supply . ”
rbc capital markets analyst paul johnston said the wa pipeline was duet’s most politically sensitive asset .
the dbngp was a covered pipeline and regulated by the western australian office of gas access regulation ( offgar , now the economic regulatory authority ( era ) ) under the gas code . under the national gas access ( western australia ) regulations , the dbngp is classified as a ‘designated pipeline’ . this means that under the ngl ( ss . 109 and 111 ) the dbngp remains under full regulation and cannot be the subject of a light regulation determination .
however , cki has acquired majority stakes in electricity networks and gas distribution assets in four states .
jobs and investment are being lost interstate and overseas because of the state’s gas shortage and prices .
mr hohnen said “it could be said that the pipeline is the backbone of the booming western australia economy , the key to ongoing prosperity in this state . however we are functioning in a gas constrained environment and new supply is critical . ”
nominations are now open for the 2018 apga annual awards . the awards include the outstanding contribution to the australian pipeline industry award for individuals , the young…
at almost 1600 km , the pipeline is longer than the state of california ( 1 , 240 km ) .
natural gas has been recorded as a part of human history as early as 1000 bc when a goat herdsman noted a ‘burning spring’ on mount parnassus in ancient greece . i have seen similar burning seeps around kirkuk , iraq which locals assured me had been around as long as anyone could remember .
different aspects of the pipeline’s operations are regulated by the department of mines and petroleum , economic regulation authority and energy safety .
the tech drill looks at the science behind oil and gas operations and at how the petroleum industry uses innovation and cutting - edge technology to produce reliable energy .
the stage 5b expansion project has improved reliability and increased the pipeline’s firm full haul capacity by around 110 terajoules per day . construction commenced in early 2009 and predominantly involved looping , which is the installation of new pipe lengths parallel to the existing pipeline . stage 5b saw 440km of parallel pipe installed along the almost 1 , 600km length of the dbngp . the project also required upgrade works on the pipeline’s compressor station facilities .
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rick has worked in operations , project management and commercial areas of the oil and gas industry for more than 25 years .
dbp’s ceo stuart johnston said forecast total project expenditure to completion is estimated to not exceed $ 675m , as compared to the approved capital budget of $ 690m .
secwa operated the pipeline until its privatisation of sale in 1998 . in 2004 it was purchased by dbp . during dbp’s ownership , $ 1 . 7bn has been invested into the dbngp in meeting the energy needs of western australia , via separate expansion projects , stages 4 , 5a and 5b . as a result of these projects the pipeline capacity was increased by 60 % with the pipeline now being 83 % duplicated or “looped” .
the premier has defended his proposed sale of 51 per cent of western power by using the example of the pipeline sale as a good result .
“the completion of the project is also of major significance to the state , with the extra gas transmission capacity , and enhanced reliability of services crucial in ensuring continued economic growth in wa . ”
pipeline stats - steel pipe supplied by metal one , manufactured in japan by jfe steel . - mainline length – 1 , 596 km - loop length – 811 km - laterals length - 258 km - pipeline diameter - 660mm ( mainline ) , < 500 mm ( laterals ) . - pipeline corridor – 30 m - pipeline maximum allowable operating pressure - 8 . 5 mpa ( mainline ) , 6 . 9 mpa ( laterals ) , 10 . 2 mpa ( loopline ) - compressor stations - 10 - total installed compressor power - 225 mw - daily deliveries – approximately 850 tj / d
usually , it takes only a few days to resolve a complaint . however , if we’re unable to provide a final response within 30 days , we’ll contact you to explain why and discuss a timeframe to resolve the complaint .
industry cannot secure affordable long term gas contracts ( > 5 - 7 years ) that could support new investment in manufacturing or power generation .
since 2006 , wa has been experiencing a serious gas shortage and sharply rising prices . wholesale prices have risen from around $ 2 . 50 per gigajoule in 2005 to $ 8 - 9 currently .
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the australian pipelines and gas association welcomes the release of the final report of the independent scientific inquiry into hydraulic fracturing in the northern territory . the…
australia now has an extensive pipeline system of many thousands of kilometres . in eastern australia , this network extends all the way from gladstone , queensland in the north and crosses bass strait to reach hobart in the south .
all contractors adhered to a zero harm approach to safety and to the environment , which saw operations comply with , and often exceed , the requirements of all relevant regulations and standards .
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“the stage 4 , stage 5a and stage 5b expansions were all carried out in direct response to the increased demand for gas for power generation and industrial processes associated with ongoing economic growth in wa , ” he said .
energy is essential to the operation of modern australian society and access to energy for all australians enables participation in our modern economy .
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the dbngp is 1 , 489 km in length of which 1 , 252 km are looped . it consists of a mainline and several laterals ( total length of laterals is 339 km ) . the pipeline capacity has been expanded at various stages with looping and upgrades to compressors . the three recent expansions ( stages 4 , 5a and 5b ) have increased capacity of the pipeline by over 300 tj per day .
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the state energy commission ( secwa ) was responsible for the project and it commenced engineering design in 1979 . at the time , the construction of the dbngp was the biggest infrastructure project wa had ever seen . as well as a lengthy design and feasibility process , the state government had to acquire rights to the land needed to house the new pipeline prior to construction . this land is now known as the dbngp corridor and remains state owned and managed today .
the stage 4 and 5 expansions will effectively duplicate approximately 90percent of the length of the dbngp . dbp says that this is a much faster and more cost effective approach to the delivery of new capacity than the construction of a second pipeline system , which it says would be heavily underutilised for many years – at high cost to users .
if you have a concern about your privacy , you have a right to make a complaint and we’ll do everything we can to put matters right .
the stage 5a expansion also involved negotiating some key challenges . these included major river crossings – including the robe , yannarie , minilya and the murchison – dune crossings , and confirming that the pipeline route was safe for construction and trenching through historical military ranges . an investigation was conducted that confirmed over 60 km of pipeline easement was free of unexploded bombs and devices left over from 40 - plus years of military target practice .
to lodge a complaint , please get in touch with us using the contact details provided below . gsp will review your complaint and endeavour to resolve it immediately .
the pipeline celebrated its 30th anniversary in 2014 and boasts a proud history of safety , reliability and performance . and more than a quarter of a century later , the dbngp remains wa’s most important piece of energy infrastructure .
mr johnston said the bid came at a 25 per cent premium to rbc’s valuation .
come celebrate our 50th anniversary in brisbane . continuing with our tour around the country for our 50th anniversary , we are coming to brisbane in july for a birthday dinner to commemorate…
on 30th june , 2016 the era published its final decision not to approve all of dbp’s proposed revisions to the access arrangement for the dbngp for the fourth access arrangement period .
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before the stage 4 expansion was complete , dbp announced a further expansion known as stage 5 , which includes an additional 1 , 150 km of new pipeline loops and the installation of one 7 megawatt ( mw ) and a further four 10mw compressors .
the completed dbngp expansion programs suggest that it is possible to engineer , finance and build new capacity in a shorter period of time than it takes to build new processing plants or power stations .
generally , gsp uses systems located within australia . however , from time to time your information may be accessed by gsp staff located overseas . we may also exchange your information with third parties to whom we outsource certain functions , such as data quality management and technical improvements to our databases .
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two thirds of the total expansion programme’s capital expenditures are estimated to have been spent in australia .
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“i note any takeover of duet group will be subject to approval by the foreign investment review board . ”
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dbp submitted its response to the era’s draft decision on 22 february , 2016 , and additional submissions from dbp and public submissions in response to the draft decision were received and published by the era during march and april 2016 .
through these expansions , dbp has been able to meet the delivery schedules and supply lead times of its customers .
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“this will be a difficult transaction for duet to push back on nor find a competing bid of similar valuation , ” he said .
increased reliability of the services delivered on the dbngp , further enhancing the asset’s ability to continue an outstanding track record of supply security .
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“dbp’s $ 1 . 8 billion investment since 2005 – a doubling of the asset value in only five years – has been crucial in supporting the wa economy by ensuring the asset is responding to the energy needs of the state on time and with minimal cost increases to customers . ”
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the first component , stage 5a , commenced construction in late february 2007 . it comprised 10 loops constructed by saipem , with a total length of 570 km , adding approximately 90 tj / d of full haul capacity to the dbngp . a total of 700 people worked on the expansion , with 650 located on site . major contractors for the project included saipem and enerflex for the construction of compressor stations . worleyparsons provided engineering , design and project services personnel , osd pipelines provided key pipeline expertise and pct supplied project regulation and engineering expertise .
the northern territory government has made an excellent policy decision to lift the moratorium on hydraulic fracturing , apga chief executive officer steve davies said today . chief…
dbp executive chairman stuart hohnen said that the decision to increase the stage 5b expansion came after receiving additional firm capacity requests from existing and prospective shippers .
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the second stage 5 component – stage5b – will involve a further 440 km of looping and some additional compressor station modifications , with an estimated cost of $ 690 million . construction is expected to commence early in 2009 , with commissioning of the final tranche of the additional capacity due to occur in the second half of 2010 .
on 22 december 2015 , the era published its draft decision , which rejected dbp’s proposed revisions to the access arrangement for the dbngp for the fourth access arrangement period .
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duet was part of a consortium which acquired the asset in 2004 , moving to 100 per cent ownership this year when alcoa sold its 20 per cent stake for $ 205 million .
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stage 5b represents further capacity requirements of approximately 110 tj / d of firm full haul capacity and 140 tj / d of part haul capacity in addition to the recently completed stage 5a expansion .
“while we see duet ' s assets as potentially less concerning from a national security perspective than ausgrid , we believe firb approvals remain a significant barrier to a deal proceeding , ” mr johnston said .
“the boards of the duet group are currently evaluating the proposal and at this time securityholders are advised to take no action as there is currently no certainty the proposal will proceed further , ” it said .
on 1 june , the era published a notice seeking public comment on a proposed required amendment to capacity expansions that it is considering as part of its final decision , and received two public submissions in response .
on 20 july 2016 , the access arrangement , access arrangement information and the t1 , p1 and b1 terms and conditions were republished to correct a number of formatting , referencing and typographical errors in the documents .
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the project also required major community and stakeholder consultation , with over 300 individuals or representative bodies engaged in the consultation process to ensure the project’s success . in total , the project required liaising with 280 landowners , 16 shires , 3 regional divisions of main roads wa , 6 regional divisions of dpi , 10 other government departments , state ministers and local members of parliament .
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come celebrate our 50th anniversary in darwin . continuing the tour around the country for our 50th anniversary , we will be celebrating our birthday in darwin in july with a dinner…
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the energy in wa conference is the state’s premier energy event , offering excellent speaker programs and value for money since . . .
dbp executive chairman stuart hohnen said “the stage 5a expansion was delivered on time and on budget in a climate where many projects of this scale suffer delays and cost overruns . ”
he added that completion of stage 5a was a considerable achievement on the part of all concerned , including project manager westnet energy , a division of alinta asset management .
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wa’s key piece of energy infrastructure could become foreign - owned under a $ 7 . 3 billion offer for duet group , raising further questions about premier colin barnett’s privatisation plans .
it was privatised by the court government in 1998 when mr barnett was energy minister for $ 2 . 4 billion .
federal treasurer scott morrison in august blocked bids by cki and china state grid corporation for electricity network ausgrid on national security grounds .
state opposition leader mark mcgowan , who opposes selling any of the electricity distributor , said : “this is just another example of a colin barnett privatisation gone wrong” . “it doesn’t matter what a politician may say about privatisation , once you sell the asset , the state loses control , ” mr mcgowan said .
duet described cki’s $ 3 - a - share offer as an “unsolicited , indicative , incomplete , non - binding and conditional proposal” .
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wa’s strong and diverse resource industry has positioned the state front and centre in the economic landscape of australia .
approximately 1539km of mainline pipe , 1228km of loop pipe and 300km of lateral pipe .
back then , whale oil was an important fuel and australia was a continent of british colonies .
dbp has challenged the era’s approved access arrangement before the australian competition tribunal ( act ) and there was a hearing on 13 - 16 february 2017 . the act is currently considering the matters presented at the hearing and will hand down its decision later this year .
submission 52 - appendix a . 2 - t1 reference service terms and conditions - tracked vs aa3 final
submission 52 - appendix a . 3 - t1 reference service terms and conditions - tracked vs dbp submission 1 final
submission 52 - appendix b . 2 - p1 reference service terms and conditions - tracked vs aa3 final
submission 52 - appendix b . 3 - p1 reference service terms and conditions - tracked vs dbp submission 1 final
submission 52 - appendix c . 2 - b1 reference service terms and conditions - tracked vs aa3 final
submission 52 - appendix c . 3 - b1 reference service terms and conditions - tracked vs dbp submission 1 final
stage 5b represents the culmination of a three stage expansion programme which has seen $ 1 . 7 billion invested in the dbngp since dbp assumed ownership in 2004 .
“stage 5b has been a major success for dbp and its project partners and we have achieved practical completion of the expansion on schedule and within budget , ” mr johnston said .
the project’s safety record far exceeded the industry standards . over two million man hours were worked and over ten million kilometres driven during the course of the project without any significant injury or vehicle incident .
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