Liquefied Natural Gas: Developing and Financing International Energy Projects: Developing and Financing International Energy Projects

by Gerald B. Greenwald

Overview

This unique work analyses the commercial, legal and financial aspects of the complex process of developing an international energy project for the production and marketing of liquefied natural gas (LNG).

The authors, informed by their significant experience and insight in the LNG industry, describe the essential chains in the commercialism of natural gas as LNG: entrepreneurial aspects, functional LNG facilities and a linked series of contracts and contractual relationships. The expert contributions elucidate the import and significance of the crucial dependent factors that appear and reappear in all stages of a successful LNG project.

Each activity, each facility, each contract must be understood in the context of the overall project development process. By providing an understanding of the whole, this book can inform the performance of those who have personal responsibility in the LNG industry, including energy lawyers, engineers and bankers.

Product Details

ISBN-13:	9789041196644
Publisher:	Wolters Kluwer
Publication date:	10/01/1998
Series:	International Energy & Resources Law and Policy Series Set , #12
Pages:	392
Product dimensions:	6.14(w) x 9.21(h) x 0.88(d)

Table of Contents

Acknowledgements, List of Contributors, Table of Figures, List of Abbreviations, Introduction Chapter 1 LNG THEMES AND VARIATIONS Gerald B. Greenwaldl.1.1 Natural Gas into LNG l.2 The Process of Project Development l.3 Project Development Schedules 1.4 LNG Markets l.4.1 LNG Market Cycles 1.5 LNG Chains 1.6 Technology, Economy of Scale and Trade Expan Chapter 2 LNG MARKETS: HISTORICAL DEVELOPMENT AND FUTURE TRENDS Robert JE. Jones 2.1 Introduction 2.2 Historical Development of the LNG Trade 2.3 Potential New Asian Markets 2.4 The LNG Suppliers 2.5 Possible Future Suppliers 2.6 Asian LNG: Matching Supply and Demand 2.7 A New Era of LNG for Europe Chapter 3 LNG PROJECT FEASIBILITY Andrew R. Flower 3.1 Introduction 3.2 Why LNG? 3.3 The LNG Chain 3.4 The Market 3.5 Sale and Purchase Agreement 3.6 Government 3.7 Project Structure 3.8 Finance 3.9 The Economic Model 3.10 Summary Chapter 4 THE CHAIN OF LNG PROJECT CONTRACTS Peter P Miller 4.1 Introduction 4.2 'Concession' Arrangements 4.3 Venture Arrangements 4.4 From Discovery to Development 4.5 Engineering, Procurement and Construction (EPC) Contracts 4.6 The LNG Sale and Purchase Agreement (SPA) 4.7 Trends and Prospects Chapter 5 THE LNG TRANSPORTATION LINK Richard C. Eddy 5.1 Unique Features of LNG Transportation 5.2 Design and Construction of LNG Ships 5.3 Unique Features of the LNG Ship 5.4 LNG Transportation Contracts 5.5 LNG Ship Operations 5.6 Extended Ship Life and Existing Ship Availability 5.7 Future Development Prospects Chapter 6 LNG PROJECT FINANCE: SHARING RISKS WITH PROJECT LENDERS Gerald B. Greenwald 6.1 Financing a Project in Segments 6.2 Extending the LNG Chain to the Electricity Grid 6.3 The Economic Feasibility of LNG Projects 6.4 The Financing Past Will Not Be Prologue 6.5 New Priorities for LNG Project Financing 6.6 The Project Financial Plan 6.7 Approaching Finance Markets 6.8 The Lender's Analysis 6.9 New Policies for LNG Project Financing Chapter 7 LNG: THE STRATEGIC PLANNING ISSUES Kimball C. Chen 7.1 Introduction 7.2 The Structure of the Industry and the Motivations of the Key Players 7.3 The Nature of Value 7.4 Important Externalities and Their Trends 7.5 Competition, Cooperation and Comparative Advantage 7.6 Possibilities for Creating Change 7.7 Case Studies, Index