Nord Stream 2's subsea route will not allow it to escape EU competition law, placing in doubt the feasibility of the project, speakers said at a debate in the European Parliament.
Speculative traders have sharply cut their short positions in oil and gas futures in advance of the ‘emergency’ meeting of oil producers in Doha later this month.
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Work on the pipeline link between Gladstone Harbour and Curtis Island. (BG Group)
Eastern Australia’s gas consumption will quadruple by 2020, driven entirely by production ramp-ups at Queensland’s three new LNG export facilities.
But although this may look rosy from an export perspective, local users are concerned the dominance of LNG will exacerbate supply shortages in the domestic market and push up prices.