Companies / Australia
Big Spender Down Under
June 2006 | FDI AlertUS oil major ConocoPhillips is planning to exploit the booming trend in liquefied natural gas (LNG) demand by spending up to US$10bn to more than double capacity at its processing and export facility in Northern Australia. According to analysis by Cambridge Energy Research Associates (CERA), the LNG market is growing faster than had been expected, with the fuel expected to meet 15% of global gas demand by
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