The announcement this week that a China-backed joint venture has agreed to invest in an LNG export project in Djibouti has raised eyebrows among industry observers, given it was supposed to have started construction over a year ago.
Poly-GCL, a joint venture between state-owned China Poly Group Corp. and privately owned Hong Kong-based Golden Concord Group, signed a memorandum of understanding (MOU) on Monday agreeing to build a 12 billion cubic metre per year gas pipeline from Ethiopia and a 10 mtpa LNG...
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