The article takes a close look at two energy alternatives to oil, namely, LNG and coal. Future prospects for raising the volumes of gas traded internationally are very good, particularly among the under-utilised gas reserves of Africa and the Middle East. Lloyd's outlines some of the potential projects under discussion by Europe and the U.S. to increase LNG imports via pipeline and LNG carriers. The main barrier to expansion, however, remains political instability in producing regions. Part two deals with coal; not the panacea for governments and shipowners it was once thought to be. Lloyds contends that there are sufficient reserves of coal in the world to allow a change away from oil, but they will not be developed fast enough to satisfy demand. This means the expected boom in seaborne coal trade will not happen. The article briefly analyzes the main coal producing nations of the world: the U.S., Canada, USSR, China, Poland, West Germany, India, South Africa, Australia, and the U.K.

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    Lloyd's of London Press Limited

    Sheepen Road
    Colchester, Essex CO3 3LP,   England 
  • Publication Date: 1979-9

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  • Accession Number: 00315032
  • Record Type: Publication
  • Files: TRIS
  • Created Date: Aug 27 1980 12:00AM