Asia-Pacific oil producers prioritize natural gas investments
Monday, 11 November 2024
CAPEX intensity of oil & gas producers in Asia-Pacific stays high, driven by upstream spending and energy-transition initiatives which makes producers prioritize investment in natural gas and LNG. According to Fitch Ratings, oil prices will retreat to mid-cycle levels by 2026, while earnings are bolstered by up to 15 percent growth in production volumes.
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