Floating LNG Upsets Outlook

FAR EAST CORRESPONDENT — A push towards massive offshore refining pontoons for processing crude and liquefied natural gas (LNG) is gaining momentum and forcing governments – which had pinned their economic development plans to traditional oil and gas jobs – to rethink their strategies.

It’s a global phenomena but one that is making its mark in Southeast Asia where high crude prices have improved the economic viability of offshore oil and gas fields in areas that are difficult to reach and hamstrung by underdevelopment and sometimes difficult politics.

Read more from Luke Hunt in The Diplomat.

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Luke Hunt is a foreign correspondent, author and occasional photographer who has covered much of Asia fr the last 30 years.

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