Gastech hears warnings against complacency about gas

A warning against complacency greeted attendees of Gastech 2005 in Bilbao Mar. 14.Even as the gas industry, and more particularly the LNG industry, seems to be riding the crest of a commercial wave with no end, BG Chairman Frank Chapman sounded warnings of trouble ahead from complacency, demand-destroying high prices, and changing geopolitical environments.With new natural gas liquefaction plants, record-sized LNG tankers, and larger, more-efficient regasification terminals dominating industry’s news, it was a sobering message for the nearly 3,000 delegates.Change, complacencyChapman called attention to the “high and flattering prices we see” and spelled out several chal...

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