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
Tuesday, 28 November 2006 13:23
Sakhalin II reaches the crossroads
The European Bank for Reconstruction and Development is currently holding consultations on whether to invest in the second phase of the Shell-led Sakhalin-II LNG project in the Russian Far East.
The Environmental Impact Assessment of the consortium’s holding company, Sakhalin Energy, will also be discussed between now and mid-April at six public meetings in Britain, Japan, Moscow and on Sakhalin Island itself as part of the EBRD’s 20-day consultation period.
The Environmental Impact Assessment of the consortium’s holding company, Sakhalin Energy, will also be discussed between now and mid-April at six public meetings in Britain, Japan, Moscow and on Sakhalin Island itself as part of the EBRD’s 20-day consultation period.
Published in
March 06
Tuesday, 28 November 2006 13:20
Pricing up LNG opportunities in US Gulf Coast
Greg Hopper, Dr. Hua Fang and Nimmi Sarda Black & Veatch Enterprise Management Solutions
Conventional wisdom states that LNG import terminals are best sited in or near consuming markets where they can provide supply as well as new capacity for growing demand.
This is exactly what is happening in North America, with terminal developers eyeing waterfront locations near every major US market center on the east and west coasts.
Conventional wisdom states that LNG import terminals are best sited in or near consuming markets where they can provide supply as well as new capacity for growing demand.
This is exactly what is happening in North America, with terminal developers eyeing waterfront locations near every major US market center on the east and west coasts.
Published in
March 06
Tuesday, 28 November 2006 13:09
News Index March 2006
A round-up of latest events, company statements, industry reports and people in the news.
Published in
March 06
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
Tuesday, 07 November 2006 17:15
News Index May
A round-up of latest events, company statements, industry reports and people in the news
Published in
May 2006
Tuesday, 07 November 2006 10:25
Russian LNG finance: Profitable? Probably. Risky? Certainly
Peter Rigby, New York
When Peter the Great traveled through Western Europe in the late 17th century, he relied upon his tremendous personal charm and near 7-foot-tall stature to secure the technical know-how to help him build what would become Russia's first navy.
Some 300 years later, Russia, anxious to join the lucrative global liquefied natural gas trade, hopes to launch a fleet of tankers to deliver Russian LNG to energy-hungry countries in the West and Asia.
It will take more than charisma and compelling economics to initiate this 21st century venture, however. Political risk, opaque legal and business systems, and Russia's short history of contract law and enforcement will distinguish its LNG projects from recent LNG project financings in Qatar, Oman, and Trinidad and Tobago.
When Peter the Great traveled through Western Europe in the late 17th century, he relied upon his tremendous personal charm and near 7-foot-tall stature to secure the technical know-how to help him build what would become Russia's first navy.
Some 300 years later, Russia, anxious to join the lucrative global liquefied natural gas trade, hopes to launch a fleet of tankers to deliver Russian LNG to energy-hungry countries in the West and Asia.
It will take more than charisma and compelling economics to initiate this 21st century venture, however. Political risk, opaque legal and business systems, and Russia's short history of contract law and enforcement will distinguish its LNG projects from recent LNG project financings in Qatar, Oman, and Trinidad and Tobago.
Published in
Jul / Aug 2006
