CNOOC plans to ramp up drilling in the western waters of the South China Sea over the next few years, as it eyes more deepwater discoveries such as the Lingshui field finds.
In the long run, Myanmar has serious gas production and export potential, but supply problems threaten to constrain short-term development of the country’s domestic market.
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The day-ahead contract at the NBP hub was around 44 p/th ($6.72/MMBtu) on Tuesday, having seen some support from colder-than-average temperatures since the start of the week.
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