Method for developing a long-term strategy for allocating a supply of liquefied natural gas
Abstract:
A method is disclosed for developing a long-term strategy for allocating a supply of liquefied natural gas (LNG) while adhering to limitations of available shipping capacity An LNG market is modeled using one or more optimization models. The LNG market includes at least one buyer of LNG, at least one seller of LNG, and at least one means of transporting LNG. A plurality of inputs relevant to the LNG market are accepted. The inputs are configured to be input into the optimization models. One or more solution algorithms are interfaced with the optimization models. The optimization models are run using the interfaced solution algorithms to identify potential options in the LNG market. Uncertainty is accounted for in the identified potential options. The identified potential options are outputted.
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