In this updated and revised second edition, authors Michael Tusiani and Gordon Shearer build upon the knowledge contained in their comprehensive and valuable reference LNG: A Nontechnical Guide. The book uses everyday language and real-world examples to help readers understand the complex LNG industry.

In this updated and revised second edition, authors Michael Tusiani and Gordon Shearer build upon the knowledge contained in their comprehensive and valuable reference LNG: A Nontechnical Guide.

The book uses everyday language and real-world examples to help readers understand the complex LNG industry. It also provides the reader with insights into changes in the markets, technology advances and the commercial evolution of what remains as one of the most capital-intensive and formidable global industries.

Features include:

• Explains the technologies utilized: liquefaction, shipping and regasification, onshore and floating.
• Covers existing and proposed worldwide LNG projects.
• Examines the economics and commercial structure of the LNG industry, including synopses of gas supply agreements, LNG sales contracts, and financing.
• Discusses shipping conventions and regulations.

This book is an important resource for energy industry leaders, investment bankers, energy professionals, or anyone wanting to expand their knowledge of the LNG industry.

Reviews

“A thorough overview of LNG. A must-read for anyone in the energy industry.” —Lucio A. Noto, former vice chairman, ExxonMobil, and chairman/CEO, Mobil Corporation

“A sweeping review of LNG. It will be considered the industry’s encyclopedia for many years to come.” —Peter G. Livanos, Chairman, Gaslog Ltd.

About the Author

Michael D. Tusiani joined Poten & Partners in 1973. From 1983 to 2016 he served as its chairman and chief executive officer. He is currently the chairman emeritus. During his career he has been active in all aspects of oil and gas trading and transportation. He has written numerous articles on energy and shipping matters and four books: The Petroleum Shipping Industry, Vol I: A Nontechnical Overview (PennWell 1996), The Petroleum Shipping Industry, Vol II: Operations and Practices (PennWell 1996), LNG: A Nontechnical Guide (PennWell 2007, coauthor), and LNG: Fuel for a Changing World, A Nontechnical Guide, 2nd Edition (PennWell 2017, coauthor). He received a BA from Long Island University and an MA in economics from Fordham University.

Gordon Shearer has been active in the LNG industry for more than 25 years. He is a senior adviser with Poten & Partners, which he rejoined in 2015. From 2007 until 2013 he was CEO of Hess LNG (a joint venture of Hess Corporation and Poten & Partners). Before joining Poten in 2001, he was employed by Cabot Corporation, where he was CEO of Cabot LNG Corporation, which owned and operated the LNG terminal in Boston Harbor and the LNG carrier Matthew. During this time, he was heavily involved in the creation of the Atlantic LNG project in Trinidad and Tobago. He received a BSc in geophysics from Edinburgh University in 1976 and an MBA from Harvard Business School in 1978. He was a member of the National Petroleum Council from 2005 until 2016.

List of Illustrations Acknowledgments Introduction: The Liquefied Natural Gas Industry? An Overview 1 The Liquefied Natural Gas Industry 2 The LNG Chain: The Project Nature of the LNG 3 Global Gas and LNG Markets 4 Evolution of the LNG Business Model 5 LNG Projects 6 LNG Shipping 7 The Economics of an LNG Project 8 Upstream Natural Gas 9 The Liquefaction Plant 10 LNG Tankers 11 LNG Import Terminals 12 LNG Project Formation 13 Upstream Gas Supply Agreements 14 LNG Sale and Purchase Agreements 15 LNG Tanker Contracts 16 Shipping Conventions and Regulations 17 LNG Terminal Siting and Regulatory Issues 18 LNG Import Terminal Use Agreements 19 Conclusion: The Future of LNG Index About the Authors