Japan bets big on Mozambique LNG

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In partnership with its country’s business sector, the Japanese government will invest some $14.4 billion (1.5 trillion yen) in liquefied natural gas development in Mozambique, the Nikkei Asian Review reported. According to the report, the money will fund the development of a gas field in the African country to produce some 12 million tonnes of LNG […]

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Australia says resource and energy export earnings to fall, but from record highs

The current global downturn triggered by the COVID-19 pandemic is affecting commodities in a wide variety of ways, but Australia’s overall export outlook is still relatively strong, a government report said, adding that export earnings are estimated to set an all-time record in 2019–20. The report by Australia’s Department of Industry, Science, Energy and Resources […]

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Shale holdings of RIL, GAIL in the US come under pressure amid oil price crash

The falling demand of crude oil in the US market is likely to adversely impact investments made by Indian companies in the shale business in the US. American refiners closed some of their production, leading to futures trade benchmarked to the WTI going negative. Though WTI recovered, investment in alternative fuels like shale has become unviable. For […]

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There’s more to coal’s struggles in Asia than just China coronavirus

Asia’s seaborne coal markets stumbled in February 2020, Reuters reports. In addition to the coronavirus outbreak in China, the weakness in coal concentrated in other major importers of the polluting fuel. South Korea’s imports of both thermal and coking coal were particularly hard hit, dropping to 6.9 million tonnes in February from 11.4 million tonnes […]

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Oil and gas prices fall as OPEC fails to act

OPEC’s Joint Technical Committee (JTC) recommended extending the current production cuts through the end of the year while adding an additional 600,000 bpd in reductions.  Russia hesitated last week, before signaling some support for additional cuts. Still, nothing has yet been confirmed or approved. OPEC+ had raised expectations of an emergency meeting, rumored to take place as […]

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