In the latest "Global LNG Market Short and Long Term Outlook: Trends, Drivers and Forecasts of Supply, Demand, Capacity, Trade and Contracts to 2020" by Research and Markets, it said the current supply surplus in the LNG sector will hit the wall in 2014, where demand will exceed supply by 75 million tonnes.REUTERS
An oil-drilling jack-up rig that capsized off Russia's Far Eastern island of Sakhalin has sunk -- and most of its 67 crew members are missing -- an Emergencies Ministry official was quoted by news agencies as saying.
The Kulskoye jack-up rig operated by the Russian offshore exploration company Arktikmorneftegazrazvedka capsized in a storm while being towed from the eastern peninsula of Kamchatka.
Fourteen of the crew members have been rescued, and two bodies have been recovered.
(Reporting by Douglas Busvine; Editing by Tim Pearce)
