EL,
Oil production from the world's oil fields is declining at 6.7% per annum. We need all the gas we can get hold of.
British Gas see Gladstone CSG as the Jewel in their Crown and they already know all about shale gas. Now it appears that Petrochina want some of this Gladstone as well.
ps There are other Asian buyers lurking...not for AOE..but other targets.
shell has launched a takeover bid for arrow, page-60
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