Russia has signed a second major gas export deal with China, with plans to ship up to 30 bcm/y of gas to China from existing fields in Western Siberia via the so-called Western Route.
The state oil and gas company’s financial pain will restrict gas production growth in Brazil. But a slew of financial, technical and economic issues are also potential hurdles for gas output.
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North America has seen a healthy start to the 2015 gas injection season, which is expected to cap gains in exchange-traded and regional gas prices over the next few weeks.
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