Projects and energy: Bridging the gap
As Putin's tanks rolled into South Ossetia and Georgia during August this year, Europe was once again reminded of its reliance on Russian pipeline gas. For the gas industry it also evoked recent memories of the 2006 crisis, when a pricing dispute led Moscow to cut off gas flows to Ukraine, a transit country for pipeline gas supplying the European Union.Natural gas, with its economic, environmental and efficiency benefits, has increasingly become the fuel of choice for power companies and consumers around the world. However, as supplies from the North Sea dwindle, the over-reliance on Russian pipeline gas has prompted concerns as to security of supply. Consequently, the attention of policymakers is turning to an increasingly important source of natural gas which is not dependent on cross-border pipelines - Liquefied Natural Gas (LNG).
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