Contracting Practices Evolve for New Global LNG Trade
Article from: OGEL 1 (2006), in Liquefied Natural Gas (LNG)
Introduction
In the history of the LNG industry, the basic skeleton of LNG sale and purchase agreements (SPAs) has remained fairly constant. If one were to glance at the table of contents for an LNG SPA from the 1970s, it would look quite similar to a recently negotiated one. In many subtle and some not so subtle ways, however, a closer comparison would reveal a number of subheadtantive differences. These differences represent changes in the LNG industry, including: Increasingly diverse sources of supply. New or revived markets. Improved ...