Russia has signed a second major gas export deal with China, with plans to ship up to 30 bcm/y of gas to China from existing fields in Western Siberia via the so-called Western Route.
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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Dodoma is planning to use new regulations to levy a capital gains tax on Shell’s recently acquired BG group assets. However, it is doubtful whether this will be successful.
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