Thursday, 30 November 2006 10:55
Long-term LNG contracts develop as liquefaction facilities increase
By Philip R. Weems Partner King & Spalding LLP
This article is the second in a three-part series examining the evolution of long-term LNG sales contracts. The first part of the series addressed trends and issues in the 1960s and 1970s. In this issue the author highlights some of the key features of such contracts in the 1980s and 1990s, many driven at least in part by the rise in project financed liquefaction facilities and the increased number of players in the market. The final part of this series will address trends and issues in the 2000s.
This article is the second in a three-part series examining the evolution of long-term LNG sales contracts. The first part of the series addressed trends and issues in the 1960s and 1970s. In this issue the author highlights some of the key features of such contracts in the 1980s and 1990s, many driven at least in part by the rise in project financed liquefaction facilities and the increased number of players in the market. The final part of this series will address trends and issues in the 2000s.
Published in
Feb 06
Wednesday, 29 November 2006 17:11
LNG agreements designed to attract finance
Steven R. Miles, Washington D.C., and Jason K. Bennett, Dallas, Texas
The terms for the sale and purchase of LNG are evolving towards more complex and flexible relationships between suppliers and purchasers which will allow an increasingly global market in the future.
The ever more intricate and dynamic commercial relationships between LNG suppliers and purchasers are typically set forth in Sale and Purchase Agreements, which serve as the foundation for most LNG trades worldwide.
Published in
Oct 2006
Tuesday, 28 November 2006 13:26
LNG contracts enter the sophistication stage
Philip Weems of King & Spalding.
This article is the last of a three-part series examining the evolution of long-term LNG sales contracts. The first and second parts of the series addressed trends and issues from the 1960s through to the 1990s. In this issue the author focuses on trends since 2000, including the emergence of more sophisticated force majeure and termination clauses, and the abolition of destination restrictions in the European market.
This article is the last of a three-part series examining the evolution of long-term LNG sales contracts. The first and second parts of the series addressed trends and issues from the 1960s through to the 1990s. In this issue the author focuses on trends since 2000, including the emergence of more sophisticated force majeure and termination clauses, and the abolition of destination restrictions in the European market.
Published in
March 06
Wednesday, 08 November 2006 16:37
Liquefaction won’t mean credit where credit’s due
This is the first part in a two-part series covering credit rating analysis of LNG projects worldwide
LNG shipping projects associated with supply chains in countries such as Russia, Nigeria and Indonesia will find investment-grade ratings elusive
Terry A Pratt, New York , Jan Willem Plantagie, Frankfurt, Karim Nassif, London, Michael K Vernier New York
Financing for liquid natural gas shipping projects has the potential to reach investment-grade credit ratings.
The strong global demand for LNG attracts huge investment for construction and operation of LNG liquefaction plants, LNG ships and LNG regasification terminals.
LNG shipping projects associated with supply chains in countries such as Russia, Nigeria and Indonesia will find investment-grade ratings elusive
Terry A Pratt, New York , Jan Willem Plantagie, Frankfurt, Karim Nassif, London, Michael K Vernier New York
Financing for liquid natural gas shipping projects has the potential to reach investment-grade credit ratings.
The strong global demand for LNG attracts huge investment for construction and operation of LNG liquefaction plants, LNG ships and LNG regasification terminals.
Published in
April 2006
Tuesday, 07 November 2006 17:19
LNG ships carry their own set of risks
This is part two of an article from US credit rating agency Standard & Poor’s on applying credit analysis in the LNG industry, particularly in relation to LNG carriers, and the financial and legal risks involved
Terry A Pratt, New York , Jan Willem Plantagie, Frankfurt, Karim Nassif, London, Michael K Vernier New York
LNG newbuild carrier prices have varied over time. The variation is due to a number of factors, mostly the price of material, especially steel, as well as exchange rates and yard utilization.
The steep fall in prices in the late 1990s was due to the Asian crisis, during which time South Korean shipyards offered favorable pricing and payment arrangements for newbuilds in order to attract foreign currency.
Terry A Pratt, New York , Jan Willem Plantagie, Frankfurt, Karim Nassif, London, Michael K Vernier New York
LNG newbuild carrier prices have varied over time. The variation is due to a number of factors, mostly the price of material, especially steel, as well as exchange rates and yard utilization.
The steep fall in prices in the late 1990s was due to the Asian crisis, during which time South Korean shipyards offered favorable pricing and payment arrangements for newbuilds in order to attract foreign currency.
Published in
May 2006
