Global Agenda - The Natural Gas Explosion
Feb 28th 2005
From The Economist Global Agenda
A giant contract between Shell and the Gulf state of Qatar to supply liquefied natural gas to America and Europe is the latest in a series of deals that should lead to gas providing a far larger share of the world’s energy needs. Since the world’s gas reserves are more widely spread than is its oil, the growth in facilities for handling LNG should also mean greater energy security
(snip)
Political unrest and suspicion of foreign investment are likely to continue holding back some countries’ development of their potential as LNG producers. But, fortunately, the world’s gas reserves are more widely dispersed than its oil.
So as demand for LNG grows and the big oil firms go looking for new sources, they may find it easier to avoid those countries that are unstable and unwelcoming to foreign investment, and seek instead places like Qatar, which has reduced bureaucratic barriers and given the multinationals a warm welcome.(cont'd...)
http://www.economist.com/agenda/displaystory.cfm?story_id=3712621&fsrc=nwl