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Tuesday, 9 May 2017

Energy Rivals Turn Frenemies Amid Price-Crushing LNG Glut - Bloomberg

Energy Rivals Turn Frenemies Amid Price-Crushing LNG Glut - Bloomberg:

"On the leafy southern shore of Australia’s Curtis Island, a jetty shoots out over a stretch of water to fill tankers the length of city blocks with liquefied natural gas. Another jetty juts out about 2 kilometers south. A further 800 meters down the coast sits a third. For one industry veteran, the crowded shoreline represents a $10-billion missed opportunity. It’s the amount that could have been saved had the energy rivals that built separate LNG plants on the island collaborated on a single facility, according to Martin Wilkes, a consultant with 20 years industry experience. They could have produced the same amount of fuel but eliminated extra jetties, storage tanks and other costly infrastructure, he estimates."



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