The Japan Bank for International Cooperation (JBIC) and four private-sector banks are finalizing plans to provide a $5.3 billion loan for the Sakhalin-2 oil and natural gas development project.
Posts Tagged ‘Japan’
Gorgon’s Delays May Force Tokyo Gas, Chubu to Pay More for LNG
The development, which has no scheduled start date, has been dogged by regulatory obstacles, spiraling costs, and delays by partners Royal Dutch Shell Plc and Exxon Mobil Corp.
Global Demand Squeezing Natural Gas Supply
CAMERON PARISH, La. The cost of a gallon of gas gets all the headlines, but the natural gas that will heat many American homes next winter is going up in price as fast or faster.
High oil prices threatens a prolonged period of lethal global stagflation: “will Chinese demand drive oil prices to $50 or $100 or $1,000?”
The escalation of oil prices, which this week reached a previously unthinkable $130 a barrel (with predictions of $150 and $200 soon to come), threatens to do far more damage to the world economy than the credit crunch.
Solar Valley Rises in an Overcast Land
THALHEIM, Germany This sad stretch of eastern Germany, with its deserted coal mines and corroded factories, epitomizes post-industrial gloom. It is a place where even the clouds rarely seem to part. Yet the sun was shining here the other day and nowhere more brightly than at Q-Cells, a German company that surpassed Sharp last year to become the worlds largest maker of photovoltaic solar cells. Q-Cells is the main tenant among a flowering cluster of solar start-ups here in an area known as Solar Valley.


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