LNG Supply Reliability Emerges as Key Issue for Global Buyers

As the trading of liquefied natural gas becomes more prevalent across the globe, the industry is increasingly focusing on a key issue: reliability.

“If you sign a long-term contract, you have got to be sure that people are going to deliver,” Jonty Shepard, vice president of global LNG trading and origination at BP Plc, said at the World LNG Summit in Athens. “Also, there is reliability in terms of performance of the plant.”

While Shepard didn’t mention any specific companies, his comments come amid a dispute with US supplier Venture Global LNG Inc. BP and Shell Plc have ...