Several New LNG Projects Must be Initiated in 2019
OK, let me give you folks a kicker. The world is crazy about wind and solar – ain’t it? Renewables are on every policy makes mind, and they are destined to represent ever growing parts of the energy portfolio. That was not hard so far. But we also know how renewables behave – they are extremely unreliable. You need backup and true backup costs a lot of money. They were able to fake it so far as they exploited massive over capacities in the legacy system. But this starts to come apart. There is too much renewable power now in order to buffer it off into the legacy grid. So, price rise. And one day, not too far I assume, voters will grow sick and tired of being fleeced while alive and kick those politicians to the dogs. And then you need something that works, is economical, is clean and can be implemented relatively quickly. LNG hoo …
The majority of LNG-focused oil and gas professionals believe several new LNG infrastructure projects will need to be initiated this year to ensure supply can meet demand after 2025.
