The LNG industry is growing rapidly. Demand continues to grow. China and South Korea are investing in infrastructure including regasification facilities. Floating Storage Regasification Units (FSRUs) are opening new markets. Some predict the LNG market will double by 2035.To meet this global demand, the US is expected to increase export capacity by 81% from 2018 to 2019. There are also several global terminal projects expected to reach FID in 2019 and become operational in the near future. Rapid growth is driving major shifts including price volatility, futures volume and shortening contract terms. It is also creating exciting opportunities that organizations can capitalize on if they have the right capabilities.
There are challenges across the LNG value chain from production forecasts and royalty management, to physical options within the supply chain and SPAs, to vessel and voyage optimization. No matter what your strategy involves, Veritas can make sure your organization is aligned and enabled to be successful. We can create clear processes, implement systems to improve transparency and insights and properly manage risks.
Veritas knows LNG. We have proven experience transforming LNG companies of all sizes, from new entrants to mature global organizations, in the LNG space. We will help you achieve your goals. Our expertise includes gas supply, LNG marketing, price risk management, pipeline operations, inventory management, charter agreements, vessel management, voyage optimization, power, NGL and secondary cost management. We can help with processes, ETRM systems and analytical solutions for price, risk, storage and optimization analytics. Veritas tailors our approach to meet your needs and consistently delivers lasting changes on-time and on-budget.