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Big Oil Bets on LNG For Emerging Market Growth

Screen Shot 2014-02-10 at 16.29.29Extracts from an article by Bob Ciura published 16 April 2014 by The Motley Fool

Chevron, Anadarko, and Royal Dutch Shell each have huge LNG operations that are ideally suited to supply the emerging markets. Royal Dutch Shell announced it had reached a five or six year agreement to supply Kuwait with its own LNG. Shell, along with European major BP, have been contracted to supply Kuwait approximately 2.5 million tonnes per year over the course of the agreement, according to Reuters. Shell is no stranger to LNG. It actually provided the technology for the world’s first liquefaction plant in 1964, according to the company.

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