Japanese and South Korean shipbuilders are expanding their countries' fleets of liquefied natural gas carriers. Agreements signed or implemented in 1992 will mean significant LNG carrier activity for shipbuilders this decade in the two nations expected to account for the biggest share of LNG demand growth by 2000 and beyond. JAPANESE FLEET Last year, Ishikawajima-Harima Heavy Industries (IHI) and Sumitomo Heavy Industries Ltd. signed a 10 year joint venture agreement to build LNG tankers. The vessels are to incorporate IHI technology that enables a carrier to transport LNG at - 162 C. in square tanks below deck. ...

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