02.06.2014 - Australian LNG in the shadow of a global gas showdown
The $US400 billion gas deal signed between Russia’s giant state-owned corporation Gazprom and China last week is 16 times larger than its predessor in the supply of gas to China – a $US25 billion LNG project based on offshore Western Australian gas signed more than ten years ago. To put it in context, the project will transfer 38 billion cubic metres (bcm) of gas per year, which is close to a third of total Russian pipelined exports to Europe, and compares with the 592 bcm/y of total Russian production in 2012...........................................Full Article: Source
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