- Mark Gyetvay
The LNG business is projected to grow strongly over the next decade and beyond. To do so, the industry is already innovating both its commercial models and its technological solutions. The commercial model is experimenting with new contract structures and a variety of pricing mechanisms to align producers, intermediaries, and buyers. Technological innovation is leading to many new approaches, including new ways of building LNG plants, new ways of procuring equipment, and new transit routes. A rising ESG focus and the quest to minimize emissions through the value chain is a further catalyst for change.