The 160,000-cu m LNG carrier Cubal, owned by Teekay LNG and built by Samsung, was delivered in January 2012 for Angola LNG. Photo from Teekay.
Global LNG faced a number of problems as 2013 began. All reflect industry's growing pains; none responds to easy solution.
As in recent years, industry supply and demand are struggling to find balance, as expected supply from some areas lags, other possible, unexpected supply has appeared on the horizon in the last 12-18 months, and some markets are behind announced schedules for installing regasification.
When 2013 began, the global LNG industry was capable of producing as much as 290 million tonnes/year (tpy) and regasifying about 625 million...