Financial Times FT.com

Flexibility to go where the price rises the highest

By Ed Crooks

Published: March 10 2008 02:00 | Last updated: March 10 2008 02:00

The liquefied natural gas industry today resembles the oil industry in the 1950s, according to some observers.

It is dominated by a few large international companies that can afford the massive investments that are required, and the business model is based on contracted deliveries along fixed routes from the wells to the market.

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