LNG's brave new world
LNG has been thrust into the spotlight by its starring role in China’s ‘Blue Sky’ revolution, but is the industry ready for rapid change?
An anticipated acceleration in LNG's commoditisation, driven by factors such as increased natural gas demand and newfound confidence in its potential as a marine fuel, is expected to hand it a much larger role in global energy markets. But LNG's legacy pricing structures and contract terms do not seem to square with such a rapid evolution. At the same time, a wave of mega-project approvals targeting an expected market tightening in the early 2020s has been taken with the expectation of solid demand growth and pricing stability. Petroleum Economist talks to Hans Kristian Danielsen, senior vice president at DNV GL, about how these issues are likely to evolve over the next decade. PE:There has
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