LNG — A GLOSSARY OF TERMS

Since LNG are playing a very important part in today's world's energy mix, the professionals of the industry must be familiar with liquid natural gases terminology. The changing and constantly growing nature of LNG implies that its language brings together terms from the worlds of technique, finance, trading, utilities and many other sectors, not only from shipping and gas spheres.

The present Glossary is intended to provide a comprehensive guide to above mentioned terms. Like any other language guide it is sometimes fascinating and intriguing. It will be of great use to a very broad audience - chief executive officers, traders, accountants, tax consultants, regulators, and others -bringing together technological, commercial, engineering, accounting terms from both inside and outside the LNG sector.

This Glossary was published by PWH together with the Petroleum Economist Ltd and shall be treated as a sort of contribution to promoting transparency within the industry and for better understanding and knowledge in the global shipping industry. The glossary is excellent and maybe the best one available on the LNG transportation as it was specifically developed for this particular area of the maritime industry.