Nils Janson, K&M’s Managing Director of Policy and Regulation, delivered a presentation at the S&P Platts Conference. He offered insights on developing LNG projects in emerging markets.
Mr. Janson’s presentation included a discussion of the typical characteristics of the first LNG project in an emerging market country. He emphasized the need for strong support from national and subnational governments for successful projects and provided examples of LNG projects that were the first in their markets in Latin America and the Caribbean. He mentioned Mexico’s Costa Azul LNG, the first LNG terminal on the North American west coast, AES Colon Terminal, Panama’s first LNG terminal, and Jamaica’s Old Harbour Bay combined cycle power plant, which is supported by K&M’s Technical Services team.
The increased availability of LNG means that an increasing number of emerging market countries can consider natural gas as a viable option for generating electricity. These countries that are adopting natural gas can benefit from lower cost electricity, lower volatility in the prices of electricity, and reduced environmental impacts.
The conference featured two days of presentations and panel discussions from firms including Cheniere Energy, Eagle LNG Partners, Tokyo Gas America, Ltd, Freeport LNG, NextDecade, and S&P Global Ratings.
As reported previously, Mr. Janson is the inaugural managing director of K&M’s newly created policy and regulation practice.
K&M is grateful to S&P Global Platts for the opportunity to share its insights on LNG development in Latin America and the Caribbean. News on K&M’s LNG projects in the region may be found HERE.