Friday, 20 April 2007 15:41
By David Gardner, a partner at the specialist energy and shipping law firm Curtis Davis Garrard, and Joe McGladdery, an associate at Curtis David Garrard
The LNG industry is experiencing a period of dramatic growth. According to the US Energy Information Agency, the volume of LNG traded grew from 2996.31 billion cubic feet (bcf) in 1993 to 6453.64 bcf in 2004 .
In addition the pattern of LNG trading has altered. Traditionally there has been a “chain” of long-term contracts linking for each project the gas producing, transportation and liquefaction infrastructure in each exporting country, with the purpose-built LNG tankers dedicated to that project, and the storage and regasification import terminal in the receiving country.
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Published in
Apr 2007
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