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Asia braces for an energy M&A bonanza

Western producers are looking to sell up to $40 billion in oil and gas assets

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Chevron and Shell plan to sell holdings in Thailand, Myanmar, Bangladesh, New Zealand, Malaysia and China.   © Reuters

DENPASAR, Indonesia Merger and acquisition activity in Asia's energy sector will accelerate this year as crude oil prices stabilize and major Western oil producers seek to divest assets in the region, analysts say.

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