RE: Remember folks16 Dec 2024 12:48
"Power generation is bigger than shipping π"
I've done a bit of research and it seems I wasn't correct in stating that. I do recall that at the time of the Maersk and KSA projects, the KSA potential was bigger, but I think that was skewed because of Middle East countries using oil for power generation. Globally, shipping is way bigger. However, presumably the savings that KSA were set to make if they switched to MSAR (I believe it was around $500m per year) are still valid. Wouldn't that be something if they were to show interest again. Not to mention Kuwait etc