Mechanisms for Expansion of Cross-Border Natural Gas Trade
Article from: OGEL 5 (2004), in National and International Issues in Natural Gas Development
Introduction
In Santiago, Chile on 21 November 2004, Asia-Pacific Economic Cooperation (APEC) Leaders reiterated their endorsement of the APEC energy supply initiative. The expansion of cross-border natural gas trade is a key component of this initiative. Cross-border natural gas trade is however inextricably intertwined with the requirement of investment on a major scale. Without massive investment, crossborder natural gas trade cannot expand on the scale necessary to enhance global energy security. Capital in the order of US$30 billion per annum needs to be mobilised and invested ...