A MAJOR national bank has been forced to remove more than 100 misleading out of order signs from its ATMs after being targeted by anti-coal activists.
A score of ANZ Banking Group machines sprawled across six capital cities were plastered with "out of order" signs on Sunday after campaigners launched their latest bid to draw attention to the bank's funding of the coal industry.
from the fisherwoman
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Shell has quashed talk that floating LNG would be inappropriate for the development for the Browse field off Western Australia, suggesting it was working on vessels that could produce up to 6 million tonnes of LNG per year.
It is building a 3.6Mtpa FLNG vessel to service the Prelude field, which is the largest in the world. Essentially, this means it would take several Preludes to develop the Browse field properly.
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“FLNG allows you, from an environmental point of view, to [produce LNG] without disturbing coastlines or building a big facility in some pristine environment. Where you have that, it may help you with a solution.”
For a project which has been mired by protest and native title squabbles, FLNG must seem like a very attractive option.
With Shell recently upping its stake in the Browse joint venture, speculation has been rife that Shell is seeking to use its proprietary technology to develop more and more fields as an alternative to building costly greenfield projects.
In response to the speculation, Woodside gave its standard line that it was committed to the process of taking the development through to final investment decision in the middle of next year.
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How the LNG fortune cookie may crumble
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Thursday, 11 October 2012
CHINA may have rebuffed Russia’s offer to pipe natural gas to the country, but a recent surge in its imports from Central Asia may topple the fortunes of Australia’s $100 billion LNG export industry.