Some supplies may not make it to U.S. ports.
Paul Nicholson is a managing director with the Marsh Marine and Energy practice in Houston and leader of an LNG worldwide practice group that advises companies on project management, safety, security, and insurance practice, including the placement of property, business interruption insurances, and liability insurances for the entire LNG value chain. Contact Nicholson at firstname.lastname@example.org.
With the dramatic growth of the liquefied natural gas (LNG) trade worldwide and increased dependence on LNG as the gas fuel of the future, gas-utility companies at the end of the chain need to question whether the LNG chains are still safe, reliable, and well managed. But before diving in to some of the risks, it should be pointed out that historically LNG chains have been safe.
Since its start up in 1964, the LNG industry has proven itself to be well managed. This is because of many factors, including the following: