Since the first edition of this best-selling title in 2008, the international liquefied natural gas (LNG) industry has shown a rare capacity for innovation and change. Despite this, there was no predicting the nature and full extent of the sector’s transformation since the book’s last edition in 2017, and this fourth edition has been updated to take into account the rapidly shifting arrangements and participations across the international LNG business.
This fully revised new edition features contributions from leading energy companies, institutions and academic bodies, as well as consultancies and law firms, and each of the writers is a specialist in their field.
Topics covered have been expanded for this fourth edition and chapters span all relevant commercial, political, regulatory and legal issues. They also examine the effects of the energy transition’s initiatives and innovations, including:
carbon-neutral or ‘green’ LNG;
LNG and hydrogen;
the geopolitics of LNG;
structure and integration; and
the principles of price formation.
Whether you are a lawyer in private practice or from a national or international oil company, utility business, ship broking or ship building firm, bank or energy advisory practice, this commercially focused title will provide you with a unique, practical guide to today’s international LNG business, while offering thoughtful insights on what the future may bring.
विषयसूची
Foreword 7
Martin Houston
Tellurian Inc.
Part I: Introduction
The role of LNG 9
Steven R Miles
Rice University’s Baker Institute for Public Policy, Center for Energy Studies; Baker Botts LLP
Part II: LNG’s place in the energy transition
LNG and ESG 27
Jason Bennett
Michael Harrison
Baker Botts LLP
LNG’s place in the energy transition 41
Pradhuman Aggarwal
Alessandro Agosta
Dumitru Dediu
Mc Kinsey & Company
Part III: A bridge to where?
How oil and gas companies can engage in emission reductions and energy transition through carbon markets 53
Malwina Burzec
Kasia Klaczynska Lewis
Anne-Laure Pilat
EY Center for Climate Policy, Ernst & Young Law Zakrzewska i Wspólnicy Spk
Chris Lyle
Ely Sandler
Article Six Group
Alexandra Soezer
Climate Action Center of Excellence
LNG, carbon and trading 65
Nicholas Fulford
Tony Zhang
Gaffney Cline energy advisory, a Baker Hughes company
Hydrogen and its relationship with LNG 89
David Baker
Kristian Bradshaw
Paul Griffin
White & Case LLP
Decarbonisation of the LNG market 101
Zlata Sergeeva
KAPSARC
Part IV: The geography of LNG
The geopolitics of LNG 115
Frank Harris
Wood Mackenzie
North Asia LNG markets: from strength to strength? 131
Aras Berenjforoush
Joseph Phelan
bp
The development of African LNG 143
Zsofia Cassidy
Paul Harrison
Jason Kerr
White & Case LLP
Russian LNG: history and prospects 153
James Henderson
Vitaly Yermakov
Oxford Institute for Energy Studies
Australia: the once-reliable LNG superpower? 165
Saul Kavonic
MST Marquee
Kaushal Ramesh
Rystad Energy
Which way for the Middle East and LNG? 175
Anne-Sophie Corbeau
Center on Global Energy Policy, Columbia University
Part V: Projects and structures
Structuring LNG projects: evolution in the LNG value supply chain 187
Peter Roberts
Kosmos Energy LNG Marketing Limited
Floating LNG – projects and participants 199
Nick Kouvaritakis
Richard Nelson
Mayer Brown
Small-scale LNG 213
Elio Ruggeri
Alessio Torelli
Snam
The role of regulation 231
Nick Austin
Brett Hillis
Nina Howell
Yves Melin
Reed Smith LLP
Part VI: Shipping
Capacity and trading 255
Stephen Mackin
Hill Dickinson LLP
Shipping: regulation and ESG 265
Philip Roche
Norton Rose Fulbright LLP
Shipping and emissions 277
Mark Bell
SGMF
Part VII: Selling, buying and trading
LNG sale and purchase agreements 289
Beng Kwang Lim
Chevron Singapore Pte Ltd
Flexibility in long-term LNG supply contracts 311
Luis Agosti
Boaz Moselle
Compass Lexecon
Obligations of sale and purchase 327
Anthony Patten
Shu Ching Tam
Herbert Smith Freehills LLP
Failures and reliefs 339
Malcolm Jarvis
Twenty Essex
Part VIII: The price of LNG
The price of LNG 369
Andrew Walker
Cheniere Energy
Price reviews in practice 397
James Freeman
A&O Shearman
Relief for unforeseeable changed circumstances in LNG 417
Elizabeth Oger-Gross
Michael Polkinghorne
White & Case LLP
Part IX: Participations and state roles
The role of states and export credit agencies 467
Scott Neilson
A&O Shearman
LNG in Canada 487
Vivek Bakshi
Dentons Canada LLP
The rise of US LNG in the global market 497
Jamie Franklin
Ciara Lamph
Samer Mahjoub
White & Case LLP
Victoria Salem
Cheniere Energy
Part X: Disputes and renegotiation
LNG disputes 517
James Clark
Ted Greeno
Quinn Emanuel Urquhart & Sullivan LLP
LNG pricing disputes 561
James Baily
Tomas Furlong
Herbert Smith Freehills LLP
LNG delivery disputes 573
Alistair Calvert
John Gilbert
Adam Quigley
Bracewell (UK) LLP
About the authors 585
About Globe Law and Business 605