Zubarev
G.V., Demkin I.V., Nikonov I.M., Safonov V.S., Gabrielov A.O.
Rationale
for Cost-Effective Options for Delivery of Liquefied Natural Gas
under
Conditions of Uncertainty. // Economics of
contemporary Russia 2010. ¹3
(54) Ñ.122-135.
Development
of LNG trade on spot markets provides additional opportunities to get a
profit
due to flexibility in choice of delivery directions and volumes. In
this paper
we propose original approaches to some strategic problems of LNG
project
management: optimal choice of delivery directions and volumes in
respect to the
balance between investment yield and risks; substantiation of the
choice of
effective mechanism of LNG disposal relying on optimization of
long-range
contract delivery program and arbitrage operations.
Keywords:
liquefied natural gas, spot trade, net present value, simulation,
arbitrage
operations.
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