4 ordspråk av Gavin Thompson

Gavin Thompson

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The companies are now cash-rich and that money needs to be put to use. They need to grow. They need to replace reserves and they can't do it domestically, especially for liquids production so they need to go overseas.

The global gas story has changed dramatically in the last 18-24 months and it is now a sellers' market.

We have looked at the price they paid for the deals. Our conclusion is that they are not overpaying.

It's not overly surprising given how much focus the Chinese have been putting on Iran in the last few years, but it does raise more questions about China's oil security and China's position on the ongoing situation with the Security Council and [International Atomic Energy Agency].

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