Wednesday 22 April 2015

LNG Takes Off in Gas-Rich Mideast as Conflict Thwarts Pipelines - Bloomberg Business

LNG Takes Off in Gas-Rich Mideast as Conflict Thwarts Pipelines - Bloomberg Business:



"Pipelines are a cheaper way to deliver natural gas than tanker ships. They’re also easier to blow up.



That’s one reason countries in North Africa and the Middle East are going full steam ahead on sea transport. They also want diversity of supply. The volume of cargoes carrying liquefied natural gas climbed 31 percent in 2014 as Middle East nations increased imports at the fastest pace in four years.



The fuel -- natural gas chilled to a liquid for transport - - is in demand as electricity usage surges for growing populations and industries. The Middle East and North Africa will spend $120 billion on gas-fired power plants by 2035, more than either China or the 28 member states of the European Union, according to the International Energy Agency. Strife between nations such as Morocco and Algeria have made pipelines pawns in political power plays as well as increasingly attractive targets for sabotage."



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