Statoil takes hit of $1Bln on US LNG and hedging

Friday, 30 July 2010
Statoil, the Norwegian energy company, said its second-quarter earnings included a $620 million write-down on its US Cove Point LNG import terminal interests because the “rapid development” of shale gas in the US had much reduced the need for LNG imports.
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Last modified on Friday, 30 July 2010 08:53
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