Overview of Issues Common to Structuring Negotiating and Documenting LNG Projects
Article from: OGEL 1 (2006), in Liquefied Natural Gas (LNG)
Natural gas has become the fuel of choice throughout the world, primarily because of its high efficiency and environmental benefits compared to its main fuel competitors: crude oil and coal. Over the period 1987-1996, natural gas consumption expanded at a rate of 25% percent compared to crude oil's expansion of consumption by only 13%. The International Energy Agency recently predicted that gas demand will increase faster than any other primary energy source and that natural gas' share of world energy use will increase to 30% from 20% by 2020.  Nations that have ...