Tuesday 9 May 2017

Energy Rivals Turn Frenemies Amid Price-Crushing LNG Glut - Bloomberg

Energy Rivals Turn Frenemies Amid Price-Crushing LNG Glut - Bloomberg:

"On the leafy southern shore of Australia’s Curtis Island, a jetty shoots out over a stretch of water to fill tankers the length of city blocks with liquefied natural gas. Another jetty juts out about 2 kilometers south. A further 800 meters down the coast sits a third. For one industry veteran, the crowded shoreline represents a $10-billion missed opportunity. It’s the amount that could have been saved had the energy rivals that built separate LNG plants on the island collaborated on a single facility, according to Martin Wilkes, a consultant with 20 years industry experience. They could have produced the same amount of fuel but eliminated extra jetties, storage tanks and other costly infrastructure, he estimates."



'via Blog this'

No comments:

Post a Comment