MARKETING LNG VESSELS TO U.S. IMPORT PROJECTS--THE SHIPBUILDER'S EXPERIENCES AND RISKS
A complex matrix of interdependent economic, political, and regulatory factors directly or indirectly affect the ability of the builder of LNG ships to market successfully to U.S. import projects. Experience during the 1970's has seen the U.S. market for LNG vessels progress from optimism to uncertainty, influenced strongly by international events and by U.S. energy policy. The risk of project cancellation or disapproval has sharply increased, while prolonged delays in the federal regulatory approval process have seriously hindered the shipbuilder's ability to develop orderly plans for LNG vessel construction in relation to other likely business opportunities. An analysis of the shipbuilder's experience with representative U.S. import projects identifies the variety of risks associated with each stage of project development, and defines the factors which control the award of financeable construction contracts. U.S. energy policy and the federal regulatory approval processes have emerged as major risk factors which have contributed to the unpredictability of the shipbuilder's market during the late 1970's, and which are likely to exert a similar influence into the 1980's.
- Paper 5, Session 4 of the 6th Conference, 7-10 April 1980.
International Conference of Liquefied Natural GasKyoto, Japan
- Veliotis, P T
- Publication Date: 1980
- Pagination: n.p.
- TRT Terms: Contract administration; Contracts; Energy; Energy consumption; Imports; Liquefied gases; Liquefied natural gas; Marketing; Policy; Regulations; Regulatory constraints; Shipbuilding; Trade
- Old TRIS Terms: Lng imports; Lng regulations; Lng trade
- Subject Areas: Administration and Management; Energy; Law; Marine Transportation; Policy;
- Accession Number: 00330921
- Record Type: Publication
- Report/Paper Numbers: Conf Paper
- Files: TRIS
- Created Date: May 21 1981 12:00AM