During the last 40 years, liquefied natural gas ships have covered 60 million miles with no major incidents.
This time around, Gazprom maintains Ukraine owes $2.1 billion for natural gas shipped in November and December, and for late fees.
He also commissioned a fleet of gas ships, twice the size of the biggest existing ones.His gamble paid off handsomely.
The release called Mr. Dare the president and general partner of a global liquefied natural gas shipping fund, known as Sunrise Tankers.
In part this was because three of the largest industries in the region – tourism, oil and gas, shipping and logistics – shed tens of thousands of jobs from 1980-2010.
Gazprom says it is owed more than $2bn for gas shipped last year, including $600m in fines which Ukraine says it is not yet prepared to pay.
In fact, it was Unocal's strength in gas (shipped as liquefied natural gas) that attracted the attention of CNOOC, which wants to secure gas supplies for China's booming economy.That points to the key to this deal: Asia.
According to America's Gas Technology Institute, liquefying gas, shipping and then regasifying it is cheaper than sending it by undersea pipeline over distances of more than 700 miles, or 2,200 miles in the case of overland pipelines.
Natural gas shipped by tanker from abroad in a supercold liquid form accounts for about 3percentt of domestic consumption, but the government estimates that share could rise to 17percentt by 2030.
