HOUSTON (March 21, 2006) – Sutherland Asbill & Brennan LLP, Det Norske Veritas (DNV), and Ziff Energy Group have formed the LNG Solutions Group, an enterprise to provide a complete range of integrated services for LNG stakeholders who face the significant opportunities and challenges of bringing needed natural gas supply to North America.
"Our law firm often is asked to advise LNG clients about the business, market, operational and risk management implications of regulatory and contractual issues," said Jake Dweck, Sutherland's LNG Group chair. "With the LNG Solutions Group, we are now in a position to ensure that our clients receive the best integrated advice regarding every project or issue."
The LNG Solutions Group offers clients unique, seamless, comprehensive business solutions covering every aspect of the LNG value chain, including gas supply and market assessment, gas price outlooks, safety and security, commercial and contracting, regulatory permitting, risk assessments, and marine and shipping.
LNG Solutions Group members have served numerous key natural gas and LNG stakeholders, from the wellhead to the burner tip, such as AES, Alaska, BP, Chevron, Dominion, Duke, Enbridge, El Paso, ExxonMobil, Gas Metro, HydroQuebec, Iroquois Pipeline, Irving Marathon, Morgan Stanley, Rhode Island, Shell, Statoil, Tractebel, TransCanada and Williams.
"The major challenge for the U.S. today involves the timing and availability of liquefaction sources abroad, including the anticipated supply draw and price competition from European and Asian Pacific markets," said Paul Ziff, CEO of the Ziff Energy Group. "Other factors affecting the U.S. market include the newly announced deal for Alaskan gas, the fits and starts of the emerging global short-term and spot trade, and continuing interchangeability concerns."
As LNG stakeholders assess the opportunities and determine how to overcome the challenges of getting gas supply to North America, the LNG Solutions Group can add substantial value to the core business decisions they face.
"An LNG facility's operational phase is exposed to a broad range of business risks with direct bottom-line impacts," said Ernst Meyer, LNG and Upstream leader, DNV Consulting USA, of Det Norske Veritas. "Detailed knowledge of what these risks are and how they can be managed will enable players to gain business advantages and higher profits from their LNG prospects, proactively reducing the cost of risk."
About Det Norske Veritas
Det Norske Veritas (DNV) is an internationally recognized foundation dedicated to safeguarding life, property and the environment. A leading worldwide authority on LNG shipping and risk management, DNV has performed more than 50 LNG facility risk assessments, including threat vulnerabilities, consequence analyses, mitigation measures and recommended response measures.
About Ziff Energy Group
Ziff Energy Group is a leading international energy consulting firm recognized for its in-depth analysis of the North American gas industry. Expertise covers regional gas market and gas supply, gas transportation, midstream, gas storage, regulatory affairs, and long-term natural gas pricing forecasts.
About LNG Solutions Group
Comprised of industry leaders Det Norske Veritas (DNV), Sutherland Asbill & Brennan LLP, and Ziff Energy Group, the LNG Solutions Group is an enterprise that provides a complete range of integrated services for LNG stakeholders facing the significant opportunities and challenges of bringing needed natural gas supply to North America. For more information, visit www.lngsolutionsgroup.com.
Sutherland Asbill & Brennan LLP
Sutherland Asbill & Brennan LLP is an international law firm known for solving complex business problems and resolving global legal issues for many of the world's largest companies. The firm, founded in 1924, has more than 425 lawyers in six offices. Sutherland's LNG Group includes leading authorities on US regulatory processes for LNG facility siting, marine safety and security requirements, and contracting at every link of the LNG value chain.
For more information, contact:
Sutherland Asbill & Brennan LLP
Ziff Energy Group
713.627.8282, ext. 230