Lucy Harrold and Eifion Morris, IP Partners at Stephenson Harwood, London
As more floating LNG projects commence and construction of vessels begins to take place, the technology and know-how used in these projects will certainly produce ideas and processes that will deserve protection by intellectual property laws around the world.
Andrew Buckland and Andrew Pearson, Wood Mackenzie LNG Service
Has the LNG shipping market come through the worst of the recent deep slump? Freight rates in the spot and short-term markets are at historical lows, a substantial portion of the fleet is currently idle and no new ships have been ordered in over a year.
Royal Dutch Shell agreement with Frances Technip and South Koreas Samsung Heavy Industries for the construction of multiple floating LNG liquefaction facilities over a period of up to 15 years has, say the participants, given fresh impetus to the LNG industry.
The likely impact of increased reliance on LNG and more shipments of LNG to the European Union is expected to be a closer official EU analysis of quality, price and other issues.
Leo Festen, Jos Leo and Ron Vis, CB&I Lummus, The Hague, Netherlands
The notion of shipboard liquefaction plants has drifted around the industry for more than 30 years. This revolutionary concept now floats on the brink of reality.