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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BP is to spend $12 billion developing 142 billion cubic metres of gas resources in Egypt’s West Nile Delta, the company announced on Friday.
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