The Timorese government has offered to buy Woodside Energy’s stake in the Greater Sunrise fields to make sure an LNG plant is built onshore.
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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Russia’s oil and condensate reserves grew by 750 mt in 2014, while gas reserves were up by 1.25 trillion cubic metres, the Natural Resources and Environment Ministry said.
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