“Floating gas harbor as a landing point for international liquid gas tankers.” Steve Coll wrote that the first liquid natural gas (L.N.G.) contract was signed between Britain and Algeria in 1961, with conversion plants and transport ships that used refrigeration. Figuring out how to engineer natural gas into liquid forms made it possible to ship it cheaply around the world and created an international gas market. Initially the big oil companies searched for and developed gas fields outside their home countries, liquefying and exporting Middle Eastern and African natural gas instead of the pre-shipping method of just burning or flaring it off at the wellhead because building, protecting and maintaining pipelines requires quantities of time, money and cooperation that companies and countries aren’t always prepared to invest. Later, fracked gas from doing… terrible things to domestic rock was sold in the new gas market created. Much initial L.N.G. tech investment was driven by South Korea and Japan’s need for power, Coll wrote.
South Korean shipyards are now building giant floating harbors where international L.N.G. tankers can dock and unload. These giant floating harbors—they must be interesting-looking!—can be sailed around the world. They will make it possible for countries that previously had no natural gas or were dependent on e.g. one pipeline to buy gas at relatively competitive international prices. Might also reduce the total number of lands willing to frack themselves to a few fracking “specialist” countries.
(SHVIM men dare GAUZE haw fen olz ON lond ah POONKT foor internot SEE OWN ALL ah FLOOSS ig gauze tonk ah.)