Modern man with all his marvels is roaming the planet because of a simple, yet powerful mechanism called Evolution. It’s simple because it mechanically tries…
From 2005 until now I had a lot of time to learn about the different sources of gas feedstock for pipelines and LNG liquefaction plants. But something strange occurred to me. Why the hell do we call Earth crust derived methane Natural Gas and treat everything else as some other form of the same molecular mix.
LNG regasification has been a no-business for pretty much all of its history. The terminal owners/operators are pretty happy with this state of affairs as their life was real simple so far. Dont move and take in guaranteed returns – that was the mantra. All this will have to change if the LNG industry is serious about going normal.
Many would be buyers are not very nimble when it comes to secure volumes of LNG. No surprise here, as many are behaving like the BORG from Star Trek. We are the BORG – resistance is futile. But is that really a recipe for success?
LNG agreements pieced together from dead contractual bodies are dangerous. Still many see them as their only source of inspiration. They can do better.