Oil & Gas Journal: Pipeline, Politics and China

“Oil & Gas Journal wrote of “politics’ seeming primacy in determining the fates of large pipeline projects around the world. . . . . And the 500-lb gorilla in the room through all of this is the specter of the seemingly never-ending expansion of demand in China and India. Poten & Partners sees a potential LNG supply gap in China of 10 million tonnes/year by 2020, as demand rises beyond currently contracted supplies. (OGJ Online, Dec. 10, 2010). China also plans to more than double its strategic petroleum reserve to roughly 500 million bbl in 2016 from less than 200 million bbl now, on top of any increase in actual demand (OGJ, Oct. 4, 2010, p. 114).”