29 May 2019
On the 13th anniversary of the Sidoarjo gas disaster in Indonesia, the Gastivists are launching their first report “New Fossil Gas Terminals : Profits Over People”, which looks into who pays the price for new fossil gas infrastructure projects, from gas consumers to taxpayers and local communities, highlighting the examples of Indonesia and Mozambique.
The financial risk of Liquefied Fossil Gas (previously known as LNG) is specifically looked into. Building new liquefied fossil gas terminals relies on shaky assumptions and could lock people into debt. Liquefied fossil gas terminals are underused and if demand goes down, the LFG/LNG bubble will burst.