Australia, defeated by Qatar in a bid to host the 2022 World Cup soccer tournament, may overtake the Persian Gulf nation in liquefied natural gas production in 10 years, Sanford C. Bernstein & Co. analyst Neil Beveridge said.
Reliance Industries Ltd. , India’s biggest company by market value, may speed up natural gas production after the nation’s top court said the fuel should be sold at the government-approved price, an analyst said.
Iran will lead a club of the world’s biggest natural gas exporters as its own shipments abroad are hampered by U.S. and European Union sanctions that force the country to burn off billions of dollars worth of the fuel.
BG Group Plc ’s $15 billion liquefied natural gas project in Australia’s Queensland state will spark a “dash for labor” as the U.K.-based energy producer and rivals compete for skilled workers, Sanford C. Bernstein & Co. said.
Bridas Corp., the oil company owned by Chinese crude producer Cnooc Ltd. and Argentina’s billionaire Bulgheroni family, agreed to pay BP Plc $7.06 billion for the 60 percent it doesn’t already own of Pan American Energy LLC.