Wednesday, March 02, 2005

 

Big business secures LNG supply from Qatar

The Economist has published an article on the recent business developments relating to Shell and liquified natural gas in Qatar. Big firms (Shell, ExxonMobil, Total) and big money are involved; Qatar rulers are praised:
"... 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."
(?) ***Amazingly*** (?), Iran, Venezuela and Russia are bashed for 'failing to encourage investments in LNG'. Also, according to the Economist:
"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"
But... isn't Qatar one of the Middle East Arab emirates on the Persian Gulf? Isn't it the very same place where around a quarter of the acknowledged crude oil reserves are? And isn't it one of the 'highly unstable regions' of the planet?
So, *exactly* what do they mean with 'greater energy security'?
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