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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 First LNG will be delivered in 2015. 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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In December 2014, the Saudi government approved spending $229 billion in 2015, resulting in an estimated deficit of $39 billion, or some 5 percent of GDP. As mid-year 2015 approached, the IMF estimated the budget deficit would equal approximately 20 percent of Saudi GDP. percent in 2015, and then just 2.7 percent in 2014 to 3.3