WEC: LNG to bring industry new flexibility, options

LNG provides the oil and natural gas industry with some positive options, Didier Sire, Gaz de France vice-president of strategy, told the World Energy Congress Sept. 6 in Sydney.He and other speakers agreed that new rules need to be established for a new market order.LNG is able to serve small and previously perceived unprofitable markets, Sire said. Projects are of modular design, meaning that additions are relatively straightforward and overall construction of these projects is much faster than it was 1-2 decades ago, he added.The early take-or-pay LNG contracts stipulated large volumes. Although this type of arrangement was necessary to underpin the large capital investments involved, ...

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