Common Questions about Viscon’s Product and Technology

 

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Useful Commercial Property Jargon

 

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Commercial Property
Image: investopedia.com

An equity owner of Viscon USA and Viscon International, Inc., the primary financial backer for the Viscon product, Levon Termendzhyan has been working in the energy sector since the age of 14. In addition to his work with Viscon, Levon Termendzhyan leads several joint ventures with Native American tribes, oversees a number of additional companies, and maintains multiple commercial rental properties.

The following terms are among those commonly used in commercial real estate:

Capitalization rate: Also known as the cap rate, this is determined by dividing a property’s net operating income by its total value or sale price. Using the cap rate is a standard practice in the field and helps individuals measure the performance of a building. A higher cap rate, which ranges from around 10 to 12 percent, is associated with higher levels of risk.

Net operating income (NOI): Closely tied to the value of a commercial property, NOI is calculated by adding up all the revenue that a property generates and subtracting it from operating expenses, such as property management fees and utility costs. Higher NOI means that a property’s value is also higher.

Building classification: Commercial buildings are designated as class A, B, or C buildings, depending on the quality of the building and the rental rates for which it can potentially ask. Class A buildings are new and in the best neighborhoods. They are capable of attracting top-quality tenants. Meanwhile, class B buildings are located in good areas but need some renovations, and class C buildings are usually subsidized buildings.

Global LNG Prices Rise Due to Limited Supply

 

Viscon Internationalpic

Viscon International
Image: visconusa.com

A native of Armenia, Levon Termendzhyan immigrated to the United States as a youth and undertook a career in the energy and clean air industries that has spanned three decades. Levon Termendzhyan currently guides several companies, including Viscon International and Noil Energy Group. Recently, he spearheaded Noil Energy’s move into the burgeoning LNG market.

After several years of declining prices, the LNG market is heating up worldwide, with some prices rising to their highest levels since February. Analysts suggest that these rising prices are a result of increased demand in Asian countries coupled with limited supply as a result of annual maintenance and other factors.

The price increase has surprised some analysts. In recent months, many industry observers have suggested that the drop in crude oil prices (a traditional marker of LNG prices) combined with several large LNG projects around the world would keep prices low for the foreseeable future.

However, in an attempt to improve air quality in China, the country has severely curtailed its coal production, cutting capacity by nearly 300 million tons per year, the equivalent of over 13 billion cubic feet of gas supply. This policy shift, combined with the region’s seemingly insatiable demand for LNG, has forced analysts to revise their forecasts.

Valero Signs Agreements to Supply Mexico

 

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Valero
Image: Valero.com

An experienced energy executive, Levon Termendzhyan has been involved in the oil and natural gas industries since his first job pumping gas as a teenager. Today, Levon Termendzhyan leads several international energy firms and maintains close ties with other global energy companies, including Valero Energy Corporation.

A Fortune 50 company, Valero Energy is the world’s largest independent petroleum refiner and employs more than 10,000 workers around the world. Already one of the leading fuel suppliers in North America, Valero announced in May 2018 that it would further expand its imprint on the continent by signing an agreement to supply refined products to northern Mexico. The products will be supplied by two Valero refineries in Texas and delivered through a pipeline and newly expanded terminal in Nuevo Laredo, Mexico.

The agreement comes on the heels of an August 2017 pact between Valero and Mexican company IEnova to supply refined products to the central Mexican region through the Port of Veracruz. As part of the earlier deal, IEnova has agreed to build three storage facilities, which Valero will control. With a capacity of 2.1 million barrels, the first of these facilities is already being constructed and should be operational by the middle of 2019.