New long-term contracts much changed from prior years
✍ Scribed by Willett, Robert E.
- Publisher
- John Wiley and Sons
- Year
- 2008
- Weight
- 239 KB
- Volume
- 7
- Category
- Article
- ISSN
- 0743-5665
No coin nor oath required. For personal study only.
✦ Synopsis
An entirely new kind of long-term contract is emerging in the natural gas industry, LLT the glacial progress of the world's longest sausage, the gas bubble, imperceptibly grinds to an end. No more are twenty-year contracts being made between pipeline andproducer atfiredprices or even with a rgerence in the contract to indexprices. As a matter of fact, pipelines and producers are very fiequentty not even the contractors: other kin& of entities are making these contracts, entities that have sprung up in the last few years with the naw regulations. And the financial institutions have begun to play a more active role than ever in contracting.
At least. thk new world in the conclusion of Benjamin Schlesinger, president of Benjamin Schlesinger and Associates, a Bethesda, M a r y h d , consulting company that recent& completed a study about long-term contracting.