IOCs may face strong competition for Iranian contracts from domestic oil and gas developers and service companies that have grown in size under sanctions.
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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Kogas and Hyundai Heavy Industries, Samsung Heavy Industries, and Daewoo Shipbuilding and Marine Engineering are creating a joint venture to design LNG carrier tanks.
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