LNG

Production companies seeking efficient and cost-effective methods of increasing their output are forecast to increase spending by almost 20 percent in 2023 to total $58 billion for additional oil and natural gas resources to satisfy global demand for energy such as LNG and pipeline gas and for necessary activities like petroleum refining and chemicals production to make products such as pharmaceuticals.

Chevron Corp., the US major and global LNG market operator, has finally escaped after a nine-year battle against a $9.5-billion false Ecuadorian court judgment against it with a definitive ruling in its favour from a court in the Dutch capital, The Hague.