Growing Asian Demand Fuels Red Hot LNG Market

At the end of 2020, 68 steam turbine powered LNG carriers built before 2001 were still in operation.

Source: copyright Akahiro/MarineTraffic

Sharp recoveries in spot demand for energy in Asia and Europe, supply disruption and unseasonal weather have contributed to a sharp run up in seaborne LNG prices, but the long-term rise in LNG demand seems certain to drive an acceleration in vessel orders

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