World markets speeding change for LNG shipping

05/03/2004
Commercial LNG shipping is 40 years old this year, a significant landmark for some observers. While for most LNG participants, LNG shipping is merely a floating pipeline connection between producer and receiver, the stark reality is that this particular sector of the LNG industry is changing.What most people don't quite acknowledge is the speed and extent of the change. And if there is so much change taking place, it is perhaps time to reassess LNG shipping's real function.Brief historyWhen LNG was first shipped from Algeria to the UK in 1964, these were the only two ports in the trade. Algeria-to-France soon followed; then Alaska-to-Japan. The expanding Japanese market soon secur...
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