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Projected strong growth in global natural gas demand, coupled with advances in LNG economics, is spawning a wave of LNG projects around the world. A number of top energy companies have carved out new business units to exploit such new LNG opportunities.

The Trinidad and Tobago government has mandated that construction of a fourth LNG train at the Atlantic LNG complex on Trinidad begin this month and for negotiations for supply contracts to begin on Trains 5 and 6, according to that country's prime minister, Patrick Manning.

The world's LNG industry is poised for unprecedented growth. Pushed by natural gas demand projected to grow 2.5-3%/year over the next decade, LNG could grow at twice that rate.

Trinidad and Tobago's plan to use its energy sector as a vehicle for outside investments to build its economy from the grassroots level depends on sustainable development of its natural gas resources, said the official in charge of such planning at the state owned natural gas company.

Brazilian President Fernando Henrique Cardoso has ordered the country's National Petroleum Agency (ANP) to curb hikes in oil products prices.

A utomakers last month said they are worried that US refiners may expand their use of the octane-enhancer MMT.

Recent reports from Standard & Poor's indicate the US oil and gas supply is being threatened by the Bush administration's failure to counter the effects of plunging supplies and tensions in other producing nations. The US offshore oil and gas program is a case in point that exemplifies why the US needs to take a fresh look at how it is managing its own resources.

Settlement of a boundary dispute has opened the exploration door to the strongly prospective Laurentian subbasin off Canada's East Coast.

Recent deal activity between buyers and sellers of US oil and gas properties has been relatively low in both total transaction size and the number of packages being offered for sale, according to the latest OGJ Exchange pricing forecast poll for the second quarter.

The fallout from Argentina's fiscal woes has staggered the oil and gas industry there, as it has other sectors.

Petroleos de Venezuela SA (PDVSA) has requested permission from Brazil's National Petroleum Agency (ANP) to become a distributor of oil products in Brazil, said Andres Riera, a PDVSA director.

The Republic of Armenia is situated in the Transcaucasus, with Georgia Republic to the north, Azerbaijan to the east, Iran to the south, and Turkey to the west. The territory covers 29,800 sq km (similar in size to the state of Maryland). The 3 million population is quite homogenous and comprises 96% ethnic Armenians.

Expandable-profile liners have stabilized problem wellbores throughout Russia, solving lost circulation and wellbore stability problems, regardless of severity or the size of wellbore washouts.

Extensive compatibility tests determined the severity of the problem and developed preventive and remedial measures to deal with organic sludges that choked hydraulic fractures and the critical matrix in the producing reservoirs of the LL-652 oil field, in Venezuela.

In the next 10 years, the worldwide commodity petrochemicals industry will experience a larger fixed and variable production cost gap between the large, global petrochemical companies and smaller, regional players.

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