Insanity is doing the same thing over and over again and expecting different results. We all know the quote from Einstein. But that’s what happens in LNG all the time. Here is an alternative proposal.
The US seems to be on the verge of becoming an LNG exporter. This, combined with new volumes from Australia, show the prospect of Asia being drowned in LNG. But there is a shiny white knight on the horizon. China with its ever-growing industries, with its endlessly expanding consumer markets, with its insatiable thirst for energy promises to become the new LNG El Dorado.
Business Developers have to become a Frontschwein in order to face the challenges of the European Natural Gas business. That’s no easy feat for companies that are still pretty monopolistic – and stiff – in spirit.
The future of energy will not be the linear continuation of the past. It will be a wild, twisted and contorted process and man, will it be exciting. The world will look very different from now 20 years down the road.
The Ukraine has a LNG problem. It’s a major blunder and it looks like LNG in the region is doomed. As strange as it sounds, there might be a bright future for LNG in the Black Sea still.
Ten years ago, the European Union embarked on its own journey to Oz by reforming its energy markets. It successively broke the chains of hundreds of millions energy customers from monopoly utilities dictatorship and changed the very nature of the energy business. Suddenly, everyone wanted to be a trader.
New LNG capacity owners find themselves in excruciating economic pain. They have only themselves to blame but this crazy situation might hold the seeds for them, to become the superstars of the gas age. Or else they die.
Those well-connected are supposed to be the magic cure to a rotten LNG portfolio. They are not so important, after all.
LNG agreements pieced together from dead contractual bodies are dangerous. Still many see them as their only source of inspiration. They can do better.
Oil price links are finally coming to an end in Europe. In fact, they have eked an existence as Zombies of the energy world as the fundamental mechanism destroying them was not American shale but free markets.