Global LNG Market - Overlooked Opportunities in Infrastructure Security
July 31, 2008, FeedRising energy prices have drastically increased world’s demand for Liquefied Natural Gas (LNG). LNG is one of the critical components of the global energy market that has enough flexibility of supply to meet huge run-up in global energy demand. The next few years will witness fast development of the global LNG infrastructure, with number of LNG terminals nearly tripling.
Fast development of LNG market will drive growth in a niche lucrative market segment – security of LNG infrastructure. As the frequency of LNG tanker shipments increases, and new LNG terminals are built, the issue of LNG infrastructure security becomes one of the national security priorities. The LNG infrastructure is extremely vulnerable to a terrorist attack, which if successful, could have catastrophic results both in terms of lives lost and economic impact.
There is a widening gap between LNG infrastructure development and awareness of the security establishment of this emerging market niche. Establishing and strengthening LNG infrastructure security include many challenging tasks:
- Securing both landside and waterside perimeter
- Providing security of LNG tanker in the port
- Providing security of LNG shipments on high seas
These tasks are concerns of both private and governmental sector. To calm down public fears and secure energy supply the private and governmental sectors will invest whatever it takes in LNG infrastructure security. The LNG infrastructure security market is robust and well poised for growth over the forecast period. It is forecasted to grow from $1.5 billion in 2008 to $4 billion in 2014 .
HSRC’s report LNG Infrastructure Security Market 2008 – 2014 analyzes trends and opportunities in this lucrative niche market by countries, missions and technology segments.
Categories: Energy, Homeland Security |