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The Arrival of the Age of LNG. Andrei V. Belyi University of Eastern Finland andrey.belyy@uef.fi. Towards diversified gas trading options. Gas chain: virtual trade and physical flows Volumes: l arge pipelines/ L NG, and small pipeline s/ LNG
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The Arrival of the Age of LNG Andrei V. Belyi University of Eastern Finlandandrey.belyy@uef.fi
Towards diversified gas trading options • Gas chain: virtual trade and physical flows • Volumes: large pipelines/ LNG, and small pipelines/ LNG • Contacts: Bilateral long-term, forward and spot • Access to pipelines, capacity markets
Containers: Illustrative examples Towards rail and road transport of LNG fuel, Storability is still limited, hence can not be considered To be a normal commodoty (see WTO Secrt interpretation)
Infrastructures, LNG and International Governance • Energy Charter Treaty (1994) and Definition of EMP • Fixed infrastructures: main scope for transit but some controversies existed • Dispute settlement and Concept of Energy Carriage • LNG as maritime transport as part of Law of the Sea (1982), not ECT
Interests for Turkmenistan • Export small LNG volumes across Caspian • Supply LNG to Pakistan via roads • New domestic solutions: gas flaring abatment • Swaps with Russia and Iran