LNG/LPG (Liquefied Natural Gas / Liquefied Petroleum Gas) infrastructure security is a fast growing market with demand eclipsing the maritime security market; driven by increased global demand for LNG/LPG, and the fact that one LNG/LPG tanker if detonated would cause a blast similar in size to that of a tactical nuclear weapon.
Picture above (courtesy of PhotoStudio.org) shows discharge of a small LPG tanker (on the left) in the vicinity of power station.
The world’s demand for LNG/LPG is increasing dramatically, since this energy source is available abundantly, ready to meet global energy demand at a time of rising energy prices:
- Surging energy prices will drive heavy investments in LNG infrastructure and its security – over $600 Billion over the next 6 years
- Over 300 new LNG facilities will be built over the next 6 years
- Over 75% of the LNG market is outside of the US
- Perimeter security & Maritime security account for significant share of the market
