Moody's Backs Asian Gas Moves

摘要

Moody's has voiced support for Asian com- panies' investments in US shale gas and the Canadian oil sands, even as the ratings agency sees growth in capital spending as a key risk. “Unconventional assets remain a minor part of companies' investments and assets,” it said in commenting on the Asia-Pacific exploration and production sector. “Most ... take the form of joint-venture investments, with the overseas partner remaining as the operator. Such arrangements limit financial and execution risks to some degree, while allowing the Asian com- panies to benefit from technology knowhow.”