The decision by Israel’s dominant electricity company to exercise only part of its purchase option for Tamar field gas should benefit other projects in the region, industry experts say.
The state oil and gas company’s financial pain will restrict gas production growth in Brazil. But a slew of financial, technical and economic issues are also potential hurdles for gas output.
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The Gladstone LNG plant in Queensland is expected to produce its first LNG at the end of Q3 while the second train is expected to startup by the end of the year.
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