Shipping Schedules in a Regulated Third Party access Market
Article from: OGEL 1 (2006), in Liquefied Natural Gas (LNG)
Introduction
The author describes the conflicting objectives of the operator of an LNG reception terminal and its users - the gas suppliers - under regulated third party access arrangements, as in Europe. A particular challenge is the determination of the shipping schedule for terminal multi-users. The opening of the gas market in Europe, and in particular the unbundling of the natural gas sector, has resulted in unprecedented challenges to the management of the gas chain. For the last decades, the industry's structure could simplistically be described as composed of gas ...