I think it’s misleading as well. It’ll be interesting to see when not if the middle east gets heavy into lng.
—”It’ll be interesting to see when not if the middle east gets heavy into lng.”
The Euro LNG market is expanding rapidly.
“If you build it, they will come”
Or something like that.
The transport costs of LNG equals onshore pipelines at ~2,000 miles and 800 miles for offshore transport.
BUT WAIT, there is more...gas-to-power, gas-to-liquids, gas-to-solids.
“Gas-to-wire attracted considerable attention in emerging markets where natural gas is primarily used to meet rapidly growing electricity needs. The largest gas-to-wire project is currently developed in Brazil in the Açu port of Rio de Janeiro. The project consists of a 1.3GW combined cycle plant integrated to an LNG regasification terminal, a transmission line and a substation connected to the national grid.”