Coming Soon to a Terminal Near You  

Oleh:

[s.n]

Jenis: Article from Bulletin/Magazine
Dalam koleksi: The Economist (http://search.proquest.com/) vol. 400 no. 8745 (Aug. 2011), page 54-56.
Topik: International; Natural Gas Industry; Oil Shale; Business Conditions; Market Strategy; Innovations

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Perpustakaan Pusat (Semanggi) Nomor Panggil: EE29.67 Non-tandon: 1 (dapat dipinjam: 0) Tandon: tidak ada

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Along the coast of China, six vast liquefied natural gas (LNG) terminals are under construction; by the end of 2015 they should have more than doubled the amount of LNG that the country can import. At the other end of the country, gas is flowing in along a new pipeline from Turkmenistan. In between the two, geologists and engineers are looking at all sorts of new wells that might boost the country's already fast-growing domestic production. The roots of this rapid growth are to be found in a piece of deregulation enacted decades ago on the other side of the world: America's Natural Gas Policy Act of 1978. America's deregulation of its natural-gas market encouraged entrepreneurial energy companies to gamble on new technologies allowing them to extract the gas conventional drilling could not reach. Geologists had long known there was gas trapped in the country's shale beds. Now the incentives for trying new ways of recovering it were greater, not least because, if it could be recovered, it could be got to market through pipelines newly obliged to offer open access to all comers. The shale-gas bounty is not confined to America. Nor is shale gas the only new sort of reserve: tight gas in sandstones and coal-bed methane are also promising.

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