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UPDATED 1 Sept: The EI library in London is temporarily closed to the public, as a precautionary measure in light of the ongoing COVID-19 situation. The Knowledge Service will still be answering email queries via email , or via live chats during working hours (09:15-17:00 GMT). Our e-library is always open for members here: eLibrary , for full-text access to over 200 e-books and millions of articles. Thank you for your patience.
Petroleum Review July 2015
New gas developments are increasingly setting the energy agenda but it’s not all clear sailing.
Faced with plummeting oil prices many LNG projects have been delayed or cancelled. But change is on the horizon and our latest LNG market table shows LNG production capacity is slated to increase by 14.8% this year and by nearly 19% in 2016.
Tougher exhaust emission controls are seen as an incentive for shipping companies to adopt LNG as a clean fuel. Signifi cant marine LNG projects are making progress but leading ferry operators balk at the cost of conversion. Accenture suggests that policymakers need to signal that natural gas is going to be a vital part of the future energy mix.
Meanwhile, one of the key concerns for development of shale gas is said to be the potential risks to shallow groundwater. We invited key experts to address the implications, and the general consensus is that the risk is ‘very low’, despite very vocal critics.
Safety is never far from industry minds, and post-Macondo radical steps have been taken to improve oil spill response. While in China, the triumvirate of major state-run oil companies are under pressure to clean up their acts faced with stringent domestic environmental and fuel regulations.
Indeed, playing safe is key to new energy development.
Issue details
Journal title: Petroleum Review
Publisher: Energy Institute
Subjects: Environment, Research and development, Liquefied natural gas, Refineries