Master's thesis of Engineering: Modelling of optimal sourcing strategy for future LNG demand

Several studies have been carried out by optimising only the cost. They have not considered some other risk factors such as political and economic factors in their modelling. Currently, there is no generalised model available to determine the optimal sourcing locations incorporating important factors including risks in international LNG trading. In this study, 12 risk factors were taken into consideration to evaluate the risk. Therefore, the main objective of this study is to develop a model for optimal sourcing of LNG by optimising the cost as well as ensuring energy security for the destination / imported country.