South Korea’s plan to almost halve its use of atomic power will prompt the world’s second-largest buyer of liquefied natural gas to sign new supply deals for the fuel, according to Woodside Petroleum Ltd.
Surging costs in Australia, set to become the world’s largest liquefied natural gas exporter by 2018, are stoking a drive by Woodside Petroleum Ltd., the nation’s second-biggest oil and gas producer, to expand overseas.
Woodside Petroleum Ltd., Australia’s second-largest oil producer, is considering buying back Royal Dutch Shell Plc’s holding, valued at $7.7 billion, using cash from its Pluto liquefied natural gas venture.
Woodside Petroleum Ltd., Australia’s second-largest oil and gas producer, will look at the almost $8 billion of Gulf of Mexico assets that BP Plc has put up for sale as part of its study of possible U.S. petroleum acquisitions.
Myanmar’s opening to foreign investment has been compared to the fall of the Berlin Wall and the start of an economic growth story to emulate Vietnam. How those views pan out will be largely decided by natural gas.