LEAD STORY
A United States energy market forecast through to 2040 suggests natural gas consumption will grow by 1.9 percent per annum, backed by abundant shale-gas resources and robust production as regional pricing begins to develop in Asian markets along the lines of the Henry Hub benchmark.
Also in this issue
The US Government says Iran has the second-largest proved reserves of natural gas in the world after Russia and it has a strong potential to develop those resources at a faster pace after the recent lifting of nuclear-related sanctions.
Four new security patrol vessels will now help protect the Nigerian LNG export plant on Bonny Island in the Niger delta as security is stepped up in West African waters, which according to the US government have now replaced Somalia as the danger area for acts of piracy and attacks on shipping.
The liquefied natural gas industry has historically failed accurately to predict demand and in the process has constructed significantly more of the fuel that could expected to be absorbed by the market given the state of the global economy.
As uses of liquefied natural gas diversify, both in terms of profile and region, safety must always remain paramount. Other factors - including costs and speed of delivery – also remain critical elements when project planning.
