Why Japan’s utility firms want to pull the plug on destination restrictions for LNG supply
A hardened feature of long-term LNG contracts, the destination clause, is coming under renewed scrutiny as the quest for flexibility gathers momentum.
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A hardened feature of long-term LNG contracts, the destination clause, is coming under renewed scrutiny as the quest for flexibility gathers momentum.
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Vice Chairman, S&P Global
Daniel Yergin is a highly respected authority on energy, international politics, and economics, and a Pulitzer Prize winner. He is Vice Chairman of S&P Global and Chairman of S&P’s CERAWeek conference, which CNBC has called “the Super Bowl of world energy”. He has oversight for the Commodity Insight research at S&P.
Time Magazine said, “If there is one man whose opinion matters more than any other on global energy markets, it’s Daniel Yergin.” The New York Times described Daniel Yergin as “America’s most influential energy pundit.”
Dr. Yergin’s new book The New Map: Energy, Climate and the Clash of Nations is described by NPR as “a master class on how the world works”, in The Washington Post as “a tour de force of geopolitical understanding,” and by The London Sunday Times as “a wonderful book”. It has been translated into 14 languages.
A Pulitzer Prize winner, Dr. Yergin is the author of the bestseller The Quest: Energy, Security, and the Remaking of the Modern World. The Quest, which The New York Times said it is “necessary reading for C.E.O.’s, conservationists, lawmakers, generals, spies, tech geeks (and) thriller writers.” Bill Gates summed up his review of The Quest by saying, “This is a fantastic book.”
Dr. Yergin is known around the world for his book The Prize: The Epic Quest for Oil Money and Power, which was awarded the Pulitzer Prize. It became a number one New York Times best seller and has been translated into 20 languages.
Of Dr. Yergin’s book Commanding Heights: The Battle for the World Economy, which has been translated into 13 languages, The Wall Street Journal said, “No one could ask for a better account of the world’s political and economic destiny since World War II.” Both The Prize and Commanding Heights were made into award- winning television documentaries for PBS and BBC, which Dr. Yergin co-produced, co-wrote, and narrated.
Dr. Yergin is a member of the board of directors of the Council on Foreign Relations and a senior trustee of the Brookings Institution. He is a member of the Energy Advisory Council of the Dallas Federal Reserve. Dr. Yergin served on the U.S. Secretary of Energy Advisory Board under four U.S. presidents.
Among his honors, the Prime Minister of India presented Dr. Yergin with a “Lifetime Achievement Award” and the U.S. Department of Energy awarded him the first “James Schlesinger Medal for Energy Security.” The University of Pennsylvania
presented him with the first Carnot Prize for “distinguished contributions to energy policy.” Dr. Yergin was awarded the Gold Medal of the President of the Republic of Italy for combining “an understanding of the dynamics of the market with a broad view of the forces of geopolitics as he seeks to point the way to the positive outcomes for the world community.”
Dr. Yergin is a member of the advisory board for the Columbia University Center on Global Energy policy. He is also member of the Indian Government’s Energy Think Tank and the advisory board of the MIT Energy Initiative.
Dr. Yergin holds a BA from Yale University and a Ph.D. from Cambridge University, where he was a Marshall Scholar.
Fifty years ago, on October 17, 1973, a group of Arab oil ministers announced an embargo on oil exports to the United States and other countries in retaliation for America’s support of Israel in the Arab-Israeli War.
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