Liquefied natural gas projects in Asia, the Middle East, and Africa are building momentum with the signing of a number of deals recently.
Such projects provide a stable revenue source for gas-rich countries such as Oman, Qatar, Yemen, and Nigeria. They also facilitate the development of low-emission, gas-fired power projects in developing nations such as India.
Three LNG producers in the Middle East have signed deals to supply portions of their output to India, which is in dire need of natural gas. These deals will ensure that at least some of India's plethora of LNG import terminal projects have adequate supplies to meet local demand.
Meanwhile, Australian firms Woodside Petro...