Energy firms wishing to enter the liquefied natural gas (LNG) sector need deep pockets. The costs required construct the necessary facilities to extract, liquefy, transport and regasify are substantial – ExxonMobil's Papua New Guinea LNG project will start production in May following a $19 billion investment by the US firm, for example.
And the timelines involved are long: each liquefaction terminal takes around four years to come online.
"Compare LNG to the Singapore fuel oil market: it doesn't
The week on Risk.net, December 2–8, 2017Receive this by email