MJMEnergy Publishing

“A potential market of 375m tonnes a year by 2015, split evenly between the Atlantic and Pacific basins. This represents a tripling of the 132m tonnes traded in 2004"

The LNG business has embarked on a sustained period of unparalleled growth, largely fuelled by the introduction of LNG into new markets. But, as the LNG industry grows, it is becoming more complex. New firms are entering the business at all links of the supply chain. At the same time, the roles of established LNG firms are evolving and showing increasing differentiation.

To help your understanding of the LNG business, Petroleum Economist has produced its Encyclopaedia of LNG.

The major sections in the book are:

§                     Supply and demand

§                     Management and technology

§                     Projects by region

§                     Statistics

§                     Glossary of terms

The book also contains a World LNG map produced by Petroleum Economist's renowned cartographic department.

Over the past decade, developments in the LNG business have been impressive. New players have entered the industry and by 2007 there were 13 exporting and 17 importing countries. Liquefaction capacity more than doubled in 2006, from 86m tonnes a year (t/y) to about 183m t/y. Regasification capacity is also increased rapidly, from 242m t/y to 373m t/y in 2006.

In 2006, the US reopened all of its mothballed LNG import terminals and deliveries to the UK began for the first time since 1990. The LNG tanker fleet is developing quickly, with around 220 ships servicing the industry today, compared with 90 in 1995. The types of company involved have also diversified, with power utilities joining the ranks as markets reshape.

With so many changes, it is essential to have the latest information easily to hand. Fundamentals of the Global LNG Industry is the pre-eminent guide to LNG. This book contains 35 articles in which leading industry executives examine all the key issues, including:

§                     Developments in trading, marketing and power generation

§                     Trends in LNG financing

§                     Options for marine technology and the shipbuilding spree

§                     Contractual challenges in LNG shipping

§                     Activity in exporting countries, featuring Australia, Brunei, Equatorial Guinea, Iran, Nigeria, Trinidad & Tobago, and Yemen

§                     Analysis of the needs of importers including Europe, China and the US

§                     Environmental, efficiency, and economic design and technology considerations

§                     There is also an enlarged statistical chapter and a global LNG map that shows the location of all major LNG projects.

§                      A vital reference book for anyone with an interest in the LNG Industry Contains a complete listing of the important terms used by the Liquefied Natural Gas industry

§                     Each entry consists of a thorough and detailed explanation of the term and its application within the LNG sector

§                     The glossary includes the complete vocabulary of the industry

§                     70 pages

Since the publication of LNG Today there has been unprecedented activity in the LNG business. Demand has increased by nearly 20mtpa and three new countries have joined the list of LNG importers. Six new LNG trains have come on stream and, with debottlenecking adding to output elsewhere, global production capacity is up by 25mtpa. 30 new ships have been delivered into service removing some of the constraints on short-term trading that were evident in early 2002.

Yet there is much more to come. Over 55mtpa of new production capacity is under construction and staggering total of over 200mtpa in various stages of planning. China, Mexico and the UK are set to become new importers, while the number of new LNG import terminals proposed for the USA seems ever longer. Ship-yards have 55 ships on their books for delivery between 2004 and 2006 and the enquiries for ships from 2007, including a new fleet of ‘super’ LNG tankers, suggest that they will remain busy for many more years.