Liquefied Natural Gas

It is required reading… For many (like me), the main attraction of the book will lie in the commercial law and business aspects covered in detail in around 300 pages… The editors have assembled a remarkably impressive gathering of lawyers, economists, consultants, specialist experts, and industry participants. I counted no less than 64 contributors each offering an expert skillset and managing to write about often complex matters in a highly accessible style. The result is an important contribution to our understanding of a key industry that straddles both the energy transition phenomenon and the increasingly important problem for states of their energy security.

• Foreword 7Martin HoustonTellurian Inc.Part I: IntroductionThe role of LNG 9Steven R MilesRice University’s Baker Institute for Public Policy, Center for Energy Studies; Baker Botts LLPPart II: LNG’s place in the energy transitionLNG and ESG 27Jason BennettMichael HarrisonBaker Botts LLPLNG’s place in the energy transition 41Pradhuman AggarwalAlessandro AgostaDumitru DediuMcKinsey & CompanyPart III: A bridge to where?How oil and gas companies can engage in emission reductions and energy transition through carbon markets 53Malwina BurzecKasia Klaczynska LewisAnne-Laure PilatEY Center for Climate Policy, Ernst & Young Law Zakrzewska i Wspólnicy SpkChris LyleEly SandlerArticle Six GroupAlexandra SoezerClimate Action Center of ExcellenceLNG, carbon and trading 65Nicholas FulfordTony ZhangGaffneyCline energy advisory, a Baker Hughes companyHydrogen and its relationship with LNG 89David BakerKristian BradshawPaul GriffinWhite & Case LLPDecarbonisation of the LNG market 101Zlata SergeevaKAPSARCPart IV: The geography of LNGThe geopolitics of LNG 115Frank HarrisWood MackenzieNorth Asia LNG markets: from strength to strength? 131Aras BerenjforoushJoseph PhelanbpThe development of African LNG 143Zsofia CassidyPaul HarrisonJason KerrWhite & Case LLPRussian LNG: history and prospects 153James HendersonVitaly YermakovOxford Institute for Energy StudiesAustralia: the once-reliable LNG superpower? 165Saul KavonicMST MarqueeKaushal RameshRystad EnergyWhich way for the Middle East and LNG? 175Anne-Sophie CorbeauCenter on Global Energy Policy, Columbia UniversityPart V: Projects and structuresStructuring LNG projects: evolution in the LNG value supply chain 187Peter RobertsKosmos Energy LNG Marketing LimitedFloating LNG – projects and participants 199Nick KouvaritakisRichard NelsonMayer BrownSmall-scale LNG 213Elio RuggeriAlessio TorelliSnamThe role of regulation 231Nick AustinBrett HillisNina HowellYves MelinReed Smith LLPPart VI: ShippingCapacity and trading 255Stephen MackinHill Dickinson LLPShipping: regulation and ESG 265Philip RocheNorton Rose Fulbright LLPShipping and emissions 277Mark BellSGMFPart VII: Selling, buying and tradingLNG sale and purchase agreements 289Beng Kwang LimChevron Singapore Pte LtdFlexibility in long-term LNG supply contracts 311Luis AgostiBoaz MoselleCompass LexeconObligations of sale and purchase 327Anthony PattenShu Ching TamHerbert Smith Freehills LLPFailures and reliefs 339Malcolm JarvisTwenty EssexPart VIII: The price of LNGThe price of LNG 369Andrew WalkerCheniere EnergyPrice reviews in practice 397James FreemanA&O ShearmanRelief for unforeseeable changed circumstances in LNG 417Elizabeth Oger-GrossMichael PolkinghorneWhite & Case LLPPart IX: Participations and state rolesThe role of states and export credit agencies 467Scott NeilsonA&O ShearmanLNG in Canada 487Vivek BakshiDentons Canada LLPThe rise of US LNG in the global market 497Jamie FranklinCiara LamphSamer MahjoubWhite & Case LLPVictoria SalemCheniere EnergyPart X: Disputes and renegotiationLNG disputes 517James ClarkTed GreenoQuinn Emanuel Urquhart & Sullivan LLPLNG pricing disputes 561James BailyTomas FurlongHerbert Smith Freehills LLPLNG delivery disputes 573Alistair CalvertJohn GilbertAdam QuigleyBracewell (UK) LLPAbout the authors 585About Globe Law and Business 605