US LNG Terminals: Taking Advantage of a More Friendly Regulatory Environment
Article from: OGEL 4 (2003), in National and International Issues in Natural Gas Development
'Any intelligent fool can make things bigger [and] more complex... It takes a touch of genius - and a lot of courage - to move in the opposite direction' ( Albert Einstein, 1879-1955 ). While Einstein was certainly not referring here to regulatory regimes, the principle he taught can be equally applicable to the propensity of governments to over-regulate industries and thereby stifle growth and deter investment. The regulatory environment in the United States (US) has arguably done just that to the US LNG industry in recent years. All of that changed in the last few ...