LNG

Growing Asian Demand Fuels Red Hot LNG Market

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

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

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