+
Oil shipments at risk from rising sea levels
OIL & GAS

Oil shipments at risk from rising sea levels

A dire warning was issued by researchers, cautioning that rising sea levels pose a grave threat to crude oil shipments and energy security, particularly in import-dependent nations like China, South Korea, and Japan. The China Water Risk (CWR) think tank highlighted the potential for significant disruptions in global oil trade due to the sinking of key oil ports and inundation of coastal refineries and petrochemical facilities, driven by melting ice and swelling seas from escalating temperatures.

According to the CWR report, the maritime infrastructure critical for exporting and importing crude oil faces considerable vulnerability, especially low-lying ports and bunkering facilities. Stress tests conducted by CWR indicated that approximately 12 out of the top 15 tanker terminals worldwide could be impacted by a one-meter rise in sea levels, with five located in Asia. This scenario puts a significant portion of global crude oil exports from major producers like Saudi Arabia, Russia, the United States, and the United Arab Emirates at risk, affecting key importers such as China, the United States, South Korea, and the Netherlands.

With Asian countries expected to bear the brunt of these consequences, the report underscores the urgent need for a transition away from oil dependence and the enhancement of port infrastructure resilience. Debra Tan, Director of CWR and lead author of the report, emphasised the importance of seizing investment opportunities to address infrastructure risks and mitigate the detrimental impacts of oil reliance on future prospects.

Japan and South Korea, both heavily reliant on crude oil imports, face significant vulnerabilities as a large portion of their ports could be affected by a one-meter rise in sea levels. Moreover, the continued growth in oil output, contributing to climate-warming emissions, poses a paradoxical threat to the energy security of multiple Asian countries, particularly Japan and South Korea.

The report further warns that failure to limit temperature rises within the critical threshold of 1.5 degrees Celsius could result in even more severe consequences, with sea-level rise potentially reaching three meters and posing an existential threat to port infrastructure across Asia. Ultimately, the report underscores the paradoxical risk posed by oil, traditionally seen as a pillar of energy security, which could ironically jeopardize the energy security of numerous nations. (Source: Economic Times)

A dire warning was issued by researchers, cautioning that rising sea levels pose a grave threat to crude oil shipments and energy security, particularly in import-dependent nations like China, South Korea, and Japan. The China Water Risk (CWR) think tank highlighted the potential for significant disruptions in global oil trade due to the sinking of key oil ports and inundation of coastal refineries and petrochemical facilities, driven by melting ice and swelling seas from escalating temperatures. According to the CWR report, the maritime infrastructure critical for exporting and importing crude oil faces considerable vulnerability, especially low-lying ports and bunkering facilities. Stress tests conducted by CWR indicated that approximately 12 out of the top 15 tanker terminals worldwide could be impacted by a one-meter rise in sea levels, with five located in Asia. This scenario puts a significant portion of global crude oil exports from major producers like Saudi Arabia, Russia, the United States, and the United Arab Emirates at risk, affecting key importers such as China, the United States, South Korea, and the Netherlands. With Asian countries expected to bear the brunt of these consequences, the report underscores the urgent need for a transition away from oil dependence and the enhancement of port infrastructure resilience. Debra Tan, Director of CWR and lead author of the report, emphasised the importance of seizing investment opportunities to address infrastructure risks and mitigate the detrimental impacts of oil reliance on future prospects. Japan and South Korea, both heavily reliant on crude oil imports, face significant vulnerabilities as a large portion of their ports could be affected by a one-meter rise in sea levels. Moreover, the continued growth in oil output, contributing to climate-warming emissions, poses a paradoxical threat to the energy security of multiple Asian countries, particularly Japan and South Korea. The report further warns that failure to limit temperature rises within the critical threshold of 1.5 degrees Celsius could result in even more severe consequences, with sea-level rise potentially reaching three meters and posing an existential threat to port infrastructure across Asia. Ultimately, the report underscores the paradoxical risk posed by oil, traditionally seen as a pillar of energy security, which could ironically jeopardize the energy security of numerous nations. (Source: Economic Times)

Next Story
Infrastructure Transport

Centre Yet to Identify Airports for Sustainable Aviation Fuel Blending Infrastructure

The Union Government has approved indicative SAF blending targets for aviation turbine fuel (ATF) used in international flights. Minister of State for Civil Aviation, Murlidhar Mohol, stated in Parliament that India aims to achieve a 1% SAF blend by 2027, increasing to 2% in 2028 and 5% by 2030.This initiative aligns with India’s commitment to the mandatory phase of the Carbon Offsetting Reduction Scheme for International Aviation (CORSIA), implemented by the International Civil Aviation Organization (ICAO). Under CORSIA, airlines are required to offset carbon emissions exceeding a baseline ..

Next Story
Infrastructure Urban

CII Survey: Infrastructure, Awareness Hinder India’s Smart Meter Adoption

As of July 15, only 20.41 million smart meter units have been installed nationwide, far short of the 20.33 crore units sanctioned under the Revamped Distribution Sector Scheme (RDSS), according to the Ministry of Power.The CII’s recent survey highlights that the biggest challenges hindering smart meter adoption are outdated utility infrastructure, unreliable connectivity—especially in remote areas—and limited consumer awareness. Notably, 80 per cent of survey participants pointed to consumer engagement as the key obstacle, while most agreed that clearer regulatory guidelines, enhanced bi..

Next Story
Infrastructure Urban

APCRDA Approves Rs 9.04 Bn to Upgrade Infrastructure in 29 Amaravati Villages

The Andhra Pradesh Capital Region Development Authority (APCRDA), chaired by Chief Minister N Chandrababu Naidu, has approved Rs 9.04 billion for addressing key infrastructure gaps in 29 villages within Amaravati’s greenfield capital area, announced Municipal Administration Minister P. Narayana at the 51st CRDA meeting.The funds will be used to upgrade critical facilities including roads, drains, drinking water supply, sewerage systems, and street lighting. A detailed assessment revealed a 30 per cent shortfall in water supply, a total absence of sewerage infrastructure, a 40 per cent defici..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?