Devastating Consequences How A Single Oil Spill Can Disrupt The Global Energy Supply
Over the last year, the world’s energy market has been highly volatile. The warmer-than-average winter in Europe helped avoid a gas crisis this year, but the forecast for the next winter is unclear as instabilities persist. More than 20% of global liquefied natural gas exports originate from a single port in Qatar. A new research paper pinpoints the location of what the authors call a “high vulnerability zone,” where an oil spill could cause liquified natural gas export facilities and desalination plants on the coast to be completely shut down for several days....