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Article: Saudi Aramco Interest In Malacca Strait Bypass.
- Article from:
- APS Review Gas Market Trends
- Article date:
- October 12, 2009
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Saudi Arabia has, since the early 1970s, been interested in any storage or pipeline venture that would help bypass the Strait of Malacca. It had foreseen that, in view of rapid GDP and oil demand growth in the Far East, this vital waterway eventually would become heavily congested and prone to blockade or sabotage which would affect Saudi exports to the Pacific basin.
One of the ventures reported in 2007 in which Saudi Aramco expressed interest was proposed in Kuala Lumpur to have a US$7 bn crude oil pipeline built across Malaysia. This infrastructure, it was then said, would become extremely useful in the following years as it was to help Middle Eastern oil ...