25.11.2013 - Commodity traders wake up to LNG market
Commodity traders dream of creating markets that did not exist before, and for some of the world’s largest energy companies and trading houses, liquefied natural gas looks to promise exactly that. For decades the market for LNG – gas supercooled into liquid form so that it can be shipped – was a closed shop. Needing sufficient revenues to cover the huge upfront cost of developing projects, producers tied customers into long-term contracts, while the pool of buyers was small...............................................Full Article: Source
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