Traditional oil, gas shipping patterns face changes for the 21st Century

12/06/1999
Changing trade patterns and evolving technologies will alter traditional shipping patterns and fleet changes in liquid petroleum product, LPG, and LNG carriers into the 21st Century.Eastern economies reviving from a recent sharp downturn may draw off toward the east historical crude oil trade from the Arabian Gulf (AG) area. And shrinking export supplies of LPG may force a tightening in that market. Finally, the traditionally conservative LNG supply-demand chain may be on the verge of loosening its trade structure.Oil consumption, Middle East exportsThroughout most of the world, alternative forms of energy have marginally replaced oil, except for Asia where oil has gained a greater share ...
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