The French oil and gas major Total is supporting the idea of an OPEC-like organization for natural gas. "It is always strange to see this [gas cartel portrayed] as negative, when it can be positive especially at a time when the costs of producing oil and gas are jumping to the sky," Total CEO Christophe de Margerie said. He said the group could bring stability to gas prices that benefits consumers and producers.rnCanada's Husky Energy plans to construct a 320-km pipeline as part of a major development in the South China Sea. Husky estimates development costs of the Liwan gas field may reach $US5 billion. The field is estimated to contain 4-6 Tcf of gas, making it potentially one of China's largest offshore gas fields. China National Offshore Oil Corporation is Husky's partner in the development.
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