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of the global LNG market British Columbia has advantages due to its proximity to Asia and cost competitive
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that probably price if anything moves up a little bit ” The market “overreacted to the downside” and the slump
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Rising supplies falling prices new buyers drive LNG market changes Wall Street Journal; June 6 One day
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2019 LNG market ‘likely reached bottom ’ analyst says Bloomberg; Aug 22 It’s bargain time
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” Wetselaar said List grows of new LNG projects signaling market is heating up Reuters; Feb 28 Investments
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the IEA forecast in its annual report on gas markets Australia would have capacity to export 4 16 tcf a
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for the marketing of its gas as the state owned firm moves toward a new sales strategy CEO Abdelmoumen Ould Kaddour
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with only six under construction as low oil and gas prices and a market glut of LNG have hurt investment
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S Success in Overseas Markets ” said that despite gas becoming the “hydrocarbon of choice for power
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left market watchers skeptical about the effectiveness of the move That’s partly because
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of new capacity while markets sputtered “The LNG market is facing another oversupply which is likely
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: www reuters com markets commodities exxon raises guyanas oil production about 645000 barrels per day
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to hedge their production to lower their risk in a volatile commodity market This ability to lock in a
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the more affordable spot market the anxiety spurred by the current supply crunch has reversed the trend
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purchase commitments and are increasingly focused on marketing and selling the fuel abroad according to a
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The Alberta government’s petroleum marketing arm lost close to C 1 9 billion last year primarily as a result
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that would potentially spark more demand for gas in the domestic market putting further upward pressure
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restrictions ease “We are engaging with relevant OPEC members on the importance of competitive markets
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the global LNG market would swing into a deficit in 2023 2025 as no final investment decision has been taken
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functions such as marketing would yield hundreds of millions of dollars in annual savings — a top priority