LNG

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, co-author), and LNG: Fuel for a Changing World, A Nontechnical Guide, 2nd Edition (PennWell 2017, co-author). 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
The evolution of the global gas and LNG markets
The LNG chain: The project nature of the LNG business
Upstream natural gas
The liquefaction plant
LNG tankers
LNG import terminals
The evolution of the LNG industry
Orchestration and financing of an LNG project
Global liquefaction projects
The economics of an LNG project
Upstream gas supply agreements
Sale and purchase contracts
LNG tanker contracts
Shipping conventions and regulations
Import-related project siting and regulatory issues
LNG import terminal use agreements
Conclusion: The future of LNG
Appendix: Units of measurement
Glossary
Bibliography
Index
About the authors