Malaysia’s oil and gas giant is preparing to cut spending over the next two years, but LNG appears to be off the table.
Restarts at Japan’s shuttered nuclear plants will start to affect the country’s appetite for LNG over the next 12 to 24 months. However, a drastic drop in import volumes is not expected this year.
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The $200 million ‘Loop Line 1’ project to expand the capacity of a gas pipeline running from Mozambique to South Africa has been completed.
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