1. Regulatory Compliance

   • Ensure that the supplier complies with local and international regulations regarding LNG.

2. Supplier Reputation

   • Research the supplier's history, financial stability, and market reputation.

3. Quality Standards

   • Verify the quality specifications of the LNG, including purity and contaminant levels.

4. Pricing Structures

   • Understand the pricing models (spot market vs. long-term contracts) and any fluctuations in costs.

5. Delivery and Transportation

   • Evaluate the logistics involved in transporting LNG, including shipping routes and port facilities.

6. Storage Facilities

   • Assess the availability and capacity of storage options for LNG at the delivery point.

7. Penalties and Terms

   • Review the contract terms, including penalties for non-compliance or termination of the agreement.

8. Environmental Considerations

   • Take into account the environmental impact of LNG extraction and transportation.

9. Market Trends

   • Stay informed about market trends, including demand/supply dynamics and geopolitical factors.

10. Safety Protocols

    • Check the safety standards and emergency response plans associated with LNG handling and transportation.

11. Customer Support

    • Evaluate the level of customer support offered by the supplier, including responsiveness and problem resolution.

12. Technical Expertise

    • Ensure that the supplier has the technical capabilities to meet specific LNG requirements, including variations in end-use applications.

By keeping these factors in mind, you can make a more informed decision when sourcing LNG.