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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


PR Jul 15.pdf

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Journal title: Petroleum Review

Publisher: Energy Institute

Subjects: Environment, Research and development, Liquefied natural gas, Refineries

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