Coming to the South China Sea: Asia’s Big Energy Mistake?
08/19/14http://nationalinterest.org/blog/the-buzz/coming-the-south-china-sea-asia%E2%80%99s-big-energy-mistake-11103
Stewart Taggart
Energy, China
A “tragedy of the commons” looms.
Editor's Note: Please see Stewart Taggart's previous articles: A Plan to Save the South China Sea from Disaster as well as A Plan to Save the East China Sea from Disaster.
Planned Floating Liquid Natural Gas(FLNG) projects in Asia raise hard questions about the technology’s suitability.These include unproven durability, questionable efficiencies and
“Tragedy of the Commons” resource exploitation. Regionally-interconnected gas pipelines look like a much better long-term deal.
“Tragedy of the Commons” resource exploitation. Regionally-interconnected gas pipelines look like a much better long-term deal.
To date, the largest FLNG project planned for Asia is Shell’s US$12 billion Prelude project off Northwest Australia. Further north, Malaysia’s state-owned Petronas
has approved a two billion cubic meter per year FLNG project for the
shallow waters off Malaysian Borneo. Australia’s Woodside Petroleum is
studying FLNG for Northwest Australia’s offshore Browse Field. Japan’s Inpex is considering FLNG
for its Abadi project in offshore Indonesia. China National Overseas
Oil Company (CNOOC) is considering FLNG to develop gas supplies in
disputed waters of the South China Sea.
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