Being a small – by land mass – nation on the east coast of the Arabian Peninsula, news about Qatar may not be at the tip of the tongue of global citizens. The population has reached nearly 2.6 million, with only 200,000 being Qatari and much of the balance is composed of migrant workers. However, […]
The Russian annexation of Crimea and the continued menacing of Ukraine has given rise to a rather surprising challenge. People are calling for the United States to step up the export of domestically produced oil and, especially, natural gas in order to save Ukraine. The call is not without a logical foundation. Ukraine—a highly inefficient […]
Like many other African countries, Mozambique has enormous potential, but there are many gaps to fill. Led by its natural resources, the economy has been booming with real GDP growth reaching 7.4 percent in 2012, seven percent in 2013 and is predicted to reach 8.5 percent between 2014–16, according to the World Bank. London based […]
Shanghai-based Wison Offshore & Marine Ltd. announced on June 1, 2012 that it had been awarded a contract by the Exmar Group for the engineering, procurement, construction, installation and commissioning of the world’s first Floating LNG Liquefaction, Regasification and Storage Unit (FLRSU), according to gCaptain.com. The facility will be used by Exmar and located on the […]
The world gas market is currently dominated by gas exporting behemoths like Qatar, Russia, Algeria, and Iran. Natural gas is the cleanest fossil fuel–compared to coal and oil–and therefore encourages an increase in power plants that run on natural gas. Many coal-fired power plants in the U.S. are being retrofitted right now because of the abundance […]
As the geopolitics and technology of natural gas continue to change rapidly—with such developments as shale gas production and Liquefied Natural Gas (LNG) transport—the European community would do well to consider the strategic value of supply diversification. Crises in 2006 and 2009, both the result of intentional supply decreases from Russia, highlight the risks of overdependence on any one source for this vital commodity. But overreliance on Russia is not the only possible source of distress for the European market: from environmental concerns to instability in other potential supplier nations, every natural gas supply comes with its own set of challenges and risks. For this reason, an “all sources” strategy for natural gas production (one that spreads the risk and minimizes the impact of a reduction in any one source of supply) should characterize the European approach in years to come.
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