Financing is crucial for the transition to LNGThe importance of liquefied natural gas (LNG) for the global energy system has been increasing – particularly in the Middle East where LNG imports have grown by more than 380% (Source: Platts). LNG offers many advantages over traditional energy sources for power generation. However, the costs involved in transitioning power projects to make use of LNG are enormous. A broad range of infrastructure, technology, expertise and interdependent capital investment is essential for the successful transition to LNG.
Liquefied natural gas projects are set to play a crucial role in tomorrow’s global energy system. To realize these complex power projects, innovative financing is paramount for helping pave the way toward a more sustainable future.Kirk Edelman, CEO Energy Finance, Siemens Financial Services