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Eurogas Releases Long-term Outlook for Gas to 2035>> LNG World News

Eurogas Releases Long-term Outlook for Gas to 2035>> LNG World News | Energy Business News | Scoop.it
LNGWorldnews.com delivers expert coverage of the industry sectors that matter most to you and your business.
Marin's insight:

Europe will not play a tremendous role in the future of gas, the demand will be stable year after year.

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Chevron’s Gorgon LNG project cost rises to $54bn

Chevron’s Gorgon LNG project cost rises to $54bn | Energy Business News | Scoop.it
One of Chevron Corp’s (CVX) biggest bets on natural gas has suffered more delays
Marin's insight:

Gorgon is the greater example of how LNG projects in Australia could be costly, mainly due to the strong Australian dollar as well as higher labour costs. However Gorgon remain one of the biggest project in LNG market, and will  be higly profitable in the near future despite the delay and extra costs.

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Asian LNG Prices Rise Sharply - Wall Street Journal (blog)

Asian LNG Prices Rise Sharply - Wall Street Journal (blog) | Energy Business News | Scoop.it
Wall Street Journal (blog) Asian LNG Prices Rise Sharply Wall Street Journal (blog) The price for LNG for delivery to Asia in the second half of December is around $17.90 per million metric British thermal unit compared with less than $14 per mmBtu...

Via Frank Klomp
Marin's insight:

This is not a good news for gas import/export. LNG market, which represent around 7% of total gas consumption, will see its price exceeding those of crude oil if prices continue to increase.

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Shell Profit Falls 31%

Shell Profit Falls 31% | Energy Business News | Scoop.it
Royal Dutch Shell reported a 31% decline in third-quarter profit largely because of weak refining margins and increased exploration-and-production expenses.
Marin's insight:

This news shows clearly how it is difficult to cut fixed costs in the energy industry. Moreover Shell encounters difficulties in Nigeria where the situation continue to erode company's outlook.

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Australia 'puts the gas down' to end 40-year deficit – Morgan Stanley

Australia 'puts the gas down' to end 40-year deficit – Morgan Stanley | Energy Business News | Scoop.it
Morgan Stanley says Australia will become the world’s biggest liquefied natural gas (LNG) exporter by 2017. This will help the country end 40 years of current account deficits.
Marin's insight:

It is difficult to set up that Australia will become the world's largest LNG exporter. Despite the fact that the country will experience the highest growth in LNG supply, the higher cost and price pressure affecting the country will benefit other regions such as North America or East Africa.

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Malaysia to be LNG import-free nation by 2016, says Petronas

Malaysia to be LNG import-free nation by 2016, says Petronas | Energy Business News | Scoop.it
Malaysia will be a liquefied natural gas (LNG) import-free country by 2016 once the Bintulu Floating Liquefied Natural Gas Plant is operational at full capacity, a Petronas senior official
Marin's insight:

Gas become one of the most attractive fossil fuels, especially due to its low carbon emission. Malaysia will be able to satisfy its own demand in LNG with this new project, and will not be dependent anymore on gas exporter countries such as Norway, Qatar, Nigeria and Brunei. 

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Palestine may well become an oil-producing state - Palestinian Minister of National Economy

Palestine may well become an oil-producing state - Palestinian Minister of National Economy | Energy Business News | Scoop.it
The Palestinian problem along with Iran’s nuclear programme and the Syrian crisis is due to feature prominently on the agenda of the forthcoming talks between Russian leaders and the Israeli Pr

Via Ramy Jabbar رامي
Marin's insight:

Palestine could be less dependant from its neighbours (mainly Russia, Israel, Iran, Syria) if the country succeed to exploit its own oil.

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Batista's Empire Soared, Then Melted Into Bankruptcy

Batista's Empire Soared, Then Melted Into Bankruptcy | Energy Business News | Scoop.it
The collapse of oil firm OGX, Latin America's biggest-ever bankruptcy, punctuates the Brazilian titan's breathtaking rise and fall.
Marin's insight:

It is interesting to see how this Brazilian oil company OGX, decide to explore and produce by its own without making any partnership or consortium with biggest actors such as Petrobras which leads the brazilian market.

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