True, this pipeline and all the connecting infrastructures may
take about 10-15 years to erect.
This is a huge expensive project. Investors may be concerned if
they can recover project costs within 10-12 years after
commissioning of the plants.
By then, fossil fuel may well become a secondary energy scource,
substituted by other new types of energy.
Currently, there is a big urgency around the world on replacing
fossil fuel because global warming is already happening.
As for China, I think it may no longer need to import oil. At least
for a decade or so. There is current evidence to indicate there may
be more oil in their seas and deserts than first hoped. China is
also spending huge resources to look for alternative energy
supplies.
For JI, surviving this slowly evolving energy business means having
to reinvent its usefulness. The threat to its viability is
real.
