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INPEX and Total launch the $34B Ichthys offshore Australia LNG Project; entire 8.5 Mt/y LNG output already sold for 15 years

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Total Gas & Power Limited, the gas trading subsidiary of Total, will also purchase 0.9 The group has interests in LNG projects in Indonesia, Nigeria, Norway, Oman, Qatar, the United Arab Emirates, Yemen, Angola, and Russia. The entire annual production of LNG from the Ichthys project (8.4

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Opinion: Saudi Oil Strategy: Brilliant Or Suicide?

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They are reducing the share of long-term contracts in favor of spot purchases. They are fighting a multi-front war with Iran directly (in Yemen) and indirectly (in Syria, Lebanon, and Iraq). Asian customers are taking advantage of the competition. Saudi confidence in their financial wherewithal is proving misplaced.