Peter Coleman presented a very recent paper on gas around 17 July and in it he talked of virtual pipelines. Because of the changing nature of long contracts and some use of contracts using spot prices, some pipelines aren't necessary. Converting ship fuel to gas will be massive in the near future. Can you imagine a ship filling up at the Ascalon service station? I have a feeling even the remote Northern gas fields are being considered. Talk about a brave new world.
OXX Price at posting:
9.0¢ Sentiment: Hold Disclosure: Held