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Japan anti-monopoly regulator ends LNG resale restrictions

TOKYO­­­­ / Reuters Japan’s anti-monopoly regulator ruled on Wednesday that all new contracts for liquefied natural gas (LNG) should not contain restrictions on reselling cargoes of the fuel, adding momentum to a push to liberalise the LNG market. The decision, which was in line with growing market practice, is likely to lead to more trading of LNG cargoes by buyers ...

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Shell seeks gas converts among India textile, cement plants

Bloomberg Royal Dutch Shell Plc is turning to India’s textile, cement and steel factories as it seeks to expand demand for its natural gas. The Hague-based energy giant has set up a team of about six executives to identify small businesses that use dirtier fuels like coal and convince them to switch, according to Ajay Shah, a vice president with ...

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Gabon seeks to reduce reliance on oil as IMF approves $642 million loan

Bloomberg Gabon, OPEC’s smallest member by production, will try to reduce its reliance on oil by increasing investments in agriculture and mining as part of pledges made to win a $642 million International Monetary Fund facility, Economy Minister Regis Immongault said. Oil’s proportion of state revenue will decline to about 25 percent by mid-2020, from 30 percent currently, he said ...

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