Chinese energy observers say Beijing will not be deterred from developing gas fields in the East China Sea, despite Japanese protests about the construction of a new offshore platform.
Imports of Russian gas into Europe will rise. Even if transit via Ukraine comes to an end after 2019, new lines into Europe will support additional flows.
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The joint venture set up by Tepco and Chubu Electric Power aims to secure better LNG contracts, but it also reduces their exposure to big changes in Japan’s electricity sector.
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