KBR
SEGAS LNG is a liquefied natural gas complex in Damietta , Egypt in ‘ the endgame ’ will be the Middle East ”.
“ There ’ s a lot of talk about shale ,” he continues , pre-empting the inevitable question , “ but shale is relatively expensive to produce , especially if you ’ re not in the USA . There they have the pipeline and road infrastructure to support it but in other places , the logistics both of production and delivery to the market are daunting , even if you can get past the environmental and social hurdles we all know about .”
Jay Ibrahim does not think the oil price is a major issue for his clients . It ’ s more a matter of the ‘ social burden ’ that is placed on oil revenues , in countries that by and large lack other sources
36 December 2015