The future of long-term LNG contracts / by Peter R. Hartley
- Bib ID:
- 6298757
- Format:
- Book
- Author:
- Hartley, P. R. (Peter Reginald), 1952-, author
- Description:
-
- Crawley, WA : University of Western Australia, Business School, Economics, 2013
- 34 pages : illustrations ; 21 cm.
- Series:
- Discussion paper (University of Western Australia. Business School. Economics) ; 13.22.
- Summary:
-
Long-term contracts between exporters and importers of LNG increase the debt capacity of large, long-lived, capital investments by reducing cash flow variability. However, long-term contracts also may limit the ability of the contracting parties to take advantage of profitable ephemeral trading opportunities. After developing a model that illustrates these trade-offs, we argue that increased LNG market liquidity is likely to encourage much greater volume and destination flexibility in contracts and increased reliance on short-term and spot market trades. These changes would, in turn, reinforce the initial increase in market liquidity.
- Notes:
- Includes bibliographical references (pages 28-29)
- Subject:
- Other authors/contributors:
- University of Western Australia. Business School. Economics, issuing body
- Copyright:
-
In Copyright
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Copyright status was determined using the following information:
- Material type:
- Literary Dramatic Musical
- Published status:
- Published
- Publication date:
- 2013
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