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Kuala Lumpur's energy industry gathers steam

Delegates at the Asia Oil and Gas Conference heard that optimism is high for the region’s future

The 18th Asia Oil and Gas Conference kicked off in style last night as the industry convenes on Kuala Lumpur to discuss how companies in the region and beyond can not only survive but also thrive through the oil downturn.  There is little doubt that this is a difficult time for the industry. The oil price has rallied in recent weeks, but it is still down about 50% on prices seen in the first half of 2014. This has provided Asia’s oil consumers an unexpected windfall, but it has proven challenging for the region’s oil and gas producers. The downturn has eaten away at national budgets, dented profits and forced spending cuts across the industry. But amid the gloom there are reasons for optim

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