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Chevron sends its first shipment of LNG to Japan

Sydney / AFP One of the world’s biggest gas plants has begun shipping fuel after months of delays and cost overruns, operator Chevron said, with a vessel leaving Australia bound for Japan. The US$52 billion Gorgon liquefied natural gas (LNG) project off Australia’s northwest coast — the country’s largest resources project — started production in early March, with its first ...

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Ambani’s good fortune augurs well for stablemates

Mumbai / Bloomberg India’s richest tycoon also seems to be its luckiest. While many a formerly gung-ho Indian businessman is being crushed by debt, Mukesh Ambani’s Reliance Industries is getting one break after another. First came the fall in globalcrude prices, which has already given the conglomerate’s refining business $10-plus-a-barrel margins for four straight quarters, its biggest windfall in almost ...

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Computer faults at airports force flight delays in Japan

TOKYO / AP Major Japanese airports were crammed with thousands of passengers unable to take domestic flights on Tuesday due to problems with airline computer systems. The delays began in the morning, with major Japanese carrier All Nippon Airways posting a notice on its website apologizing for delays and cancellations due to a “system malfunction.” The airline said Internet check-in, ...

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