OTC: LNG surge No. 1 topic at 2004 conference

Pushed by solidly higher market prices and a rich but remote resource base, the world's LNG industry sits at a pivotal point in its young history. That was the message of a packed general session at last week's Offshore Technology Conference in Houston.Traditional LNG contract terms are changing with buyers demanding greater flexibility in volumes and delivery and with pricing in one region becoming more closely related to and affecting other markets. Traditional supply and demand relationships are breaking up as LNG consumption in North America and Europe has begun to drive supply projects at greater distances to commit resources to larger-capacity liquefaction plants.All partici...

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