Contracts from some of Australia’s newer LNG projects are reportedly coming under pressure from Asian buyers seeking to defer or renegotiate expensive offtake agreements.
Tensions are escalating in the South China Sea. The area may become unstable, and oil and gas reserves are potentially at stake.
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Following a short-lived dip last week – when the day-ahead price at the UK’s NBP hub fell to just over 42 p/th – prices have risen and were up to nearly 44 p/th.
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