Nature of LNG Arbitrage, and an Analysis of the Main Barriers for the Growth of Global LNG Arbitrage Market
LNG projects are highly capital-intensive and in order to protect the investment’s return, the project developers traditionally covered all their future LNG production with sales and purchase agreements (SPAs). SPAs enabled them to share the risks – LNG sellers bore price risk, while the volume risk...
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| Format: | Working paper |
| Language: | English |
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2009
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