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#1
24-11-2014, 09:40 PM
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How many billions will Temasek lose this time?
An honorable member of the Coffee Shop Has Just Posted the Following:
http://www.bloomberg.com/news/2013-1...zania-gas.html Temasek’s Pavilion Pays $1.3 Billion for Tanzania Gas Share By Chou Hui Hong Nov 14, 2013 6:02 PM GMT+0800 Pavilion Energy Pte, the liquefied natural gas unit of Singapore’s state-owned investment company, will pay $1.3 billion for a 20 percent stake in three gas blocks offshore Tanzania in East Africa. http://www.smh.com.au/business/minin...609-39syk.html Only a fraction of the natural gas export projects being developed around the globe will become reality as high costs and weakening gas prices torpedo those that until recently promised huge returns on investment. Large natural gas field discoveries on and offshore have prompted several countries to plan liquefied natural gas (LNG) export projects, including in North America, Australia, East Africa and the east Mediterranean. But high development costs and low profit margins in the gas sector mean most of the projects will fail, Royal Dutch Shell's director of projects and technology said in an interview. ==================== Anyone monitoring this Temasek project? How much will our Lady lose this time? Click here to view the whole thread at www.sammyboy.com. 
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