Watching the World: Global gas

Europe is about to start work on its first LNG export project, in northern Norway.The North Sea's best-known oil field, Brent, is now predominantly a producer of gas.And the trend-setting gas-to-power project in the burgeoning Asian market has just come on stream at Malampaya in the Philippines (see related item, Newsletter, p. 8).Oil companies are exploring for gas throughout the world and searching for gas assets and reserves to acquire.Fadhil Chalabi, deputy secretary general of the Organization of Petroleum Exporting Countries at a time when oil was an economic weapon and gas assets were left undeveloped and now an executive director of the Centre for Global Energy Studies, takes ...

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