International LNG regulatory policies

Our regulatory experience extends to LNG terminals, natural gas storage facilities, and gas supply. We have provided studies or testimony on several LNG projects or development policies. For example, we advised a European network operator on the terms and prices to make its LNG terminal accessible for spot shipments in order to comply with third-party access obligations. In Greece, our proposed Network Code included specific provisions that facilitated the sharing of an LNG terminal for base-load import contracts by different shippers. In the UK we advised the sponsor of an LNG terminal on the development of “use-it-or-lose-it” mechanisms to assure third-party access in the event that the project sponsors did not utilize a slot.

In Turkey, our advice to the Energy Market Regulatory Authority (EMRA) included proposals that would allow third-parties to benefit from the flexibility of the LNG terminal while maintaining a single user of the terminal and centralized control by the TSO. In Singapore, we analyzed the optimal regulatory policies for accommodating the construction of an LNG terminal in a relatively small market.