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Energy World's Newest Supership Misses the Boat on LNG Pricing

by Bloomberg
|
Dan Murtaugh and James Paton
 | Friday, June 10, 2016 | 10:34 AM EST
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“The fact that we have not gone ahead with that project at this stage as a consortium doesn’t mean the concept of floating LNG doesn’t work,” Van Beurden said at a conference in Perth in April. “It does mean that the commodity cycle makes projects of that scale and investment level uninvestable at this point in time.”

To contact the reporters on this story: Dan Murtaugh in Singapore at dmurtaugh@bloomberg.net ;James Paton in Sydney at jpaton4@bloomberg.net To contact the editors responsible for this story: Ramsey Al-Rikabi at ralrikabi@bloomberg.net Dan Stets


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CliffOnTheRoad  |  June 12, 2016
There would be less worry if the rigs/platforms/boats/factories were smaller. I do not cry for the owners because I will guess they had the assets to spend/allocate instead of giving it all to the stock holders. As for when oil was $100 a barrel, I can not help but recall that on average, a futures contract in the market trades 21 times before delivery is actually made. Thats a lot of profit for day traders who shouldnt be allowed to affect the average citizen as broadly as they do. If the barge did not work well 60 years ago, is super-big the new answer? Someone knows how big a soccer field is, I do not.


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