Staying Competitive in LNG

Chevron (CVX) announced it has found more natural gas in Australia. It is Chevron's 21st discovery. Australia is swimming in natural gas. The only way to export the product is to transform it into liquefied natural gas (LNG) and ship it to foreign markets.

Now, Russia's Rosneft has announced plans to produce 100 billion cubic meters of gas per year by 2020. It will also team with Exxon Mobil (XOM) to build a $15 billion LNG export plant in Russia's far east by 2018. Royal Dutch Shell (RDS.A) is constructing a massive offshore floating platform to produce massive amounts of LNG in situ. The concept of floating LNG production is called FLNG and Shell is not the only player. Petrobras (PBR), ConocoPhillips (COP), GDF Suez and other producers are engaged in front-end engineering for additional FLNG facilities....545 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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