From Stanford University: a forum for sharing news and commentary related to energy and environment issues in China. Resources and end-uses. Drivers of demand and changing trends. Social and environmental impacts.
Sunday, March 18, 2012
Chevron Betting on China's LNG Market
This article discusses Chevron's plans to invest heavily in LNG production for Asian markets. The risk is that this market will diminish if China taps into their own shale gas resources, after seeing the success that shale gas is having in the US. However, Chevron is betting on an idea that has been a theme of our class:
“You’ve got to believe, with the growth you have in China, every kind of energy you can deliver to the market is going to be consumed.”