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Natural Gas and The Battles for Energy Supermacy
The story of Tokyo winning the Olympic bid caught everyone’s attention this week, but everyone was focusing on the wrong get together involving Japan.
The big event was actually the 2nd LNG Producer-Consumer conference. We know that doesn’t sound quite as exciting. But Australia’s stake in this bout is a lot higher than who’ll be able to swim fastest in 2020. We’re talking billions and billions of dollars up for grabs here.
Before we get into the energy politics of Asia, we’ll take a quick look at the energy politics of the Middle East. They dominated the Daily Reckoning this week. Everyone knows about the war premium currently residing in the oil price. But it’s not the only energy market to watch.
‘It’s about the politics of natural gas,’ speculated your regular Daily Reckoning editor Greg Canavan on Wednesday as he reckoned on the likely motives for a US attack on Syria. ‘And it starts in the largest natural gas reservoir in the world – the South Pars/North Dome field in the Persian Gulf, a resource shared by Qatar and Iran.’
Yes dear reader, any tale of war and intrigue almost always leads back to the money if you follow the trail…
Read the rest of this article at The Daily Reckoning
