Woodside Energy’s floating LNG proposal for Browse may struggle under high costs, depressed oil-linked prices and a surfeit of supply in Asia Pacific.
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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Pertamina is turning its attention from LNG exports to the growing Indonesian need for gas, which the state-run group hopes to fill with a combination of domestic supply, imports and improved infrastructure.
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