27 Oct '13, 4pm

MIT study cautions smaller nations on rushing to develop their natural gas resources; Cypr

MIT study cautions smaller nations on rushing to develop their natural gas resources; Cypr

The interim report analyzed the economics of natural gas project development options in Cyprus with a focus on exports. (The authors noted that Cyprus will have sufficient resources for developing export capabilities regardless of the extent of domestic gas substitution in the coming years, given its rather small energy consumption profile.) The report explored three major options for monetizing the resource: an onshore LNG plant; a transnational undersea pipeline; and the deployment of a CNG marine transport system. The researchers expect to finish the larger report in August 2014; the study is sponsored by The Cyprus Research Promotion Foundation.

Full article: http://www.greencarcongress.com/2013/10/20131027-paltsev....

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