LNG UPDATE: LNG trade growth to drive vessel demand, set trading patterns

08/21/2000
Click here to enlarge imageIncreased growth in LNG trade within the next 10 years will directly affect both vessel demand and traditional trading patterns for natural gas worldwide.Ocean Shipping Consultants Ltd. (OSC), Chertsey, Surrey, UK, in a recent LNG trade and shipping study, identified five key growth issues that will affect expanding worldwide LNG trade.Continuing pressure to lower costs, in both LNG production and shipping, will most certainly impact growth, OSC said. And a need will be established for increased flexibility in vessel employment integrating short-term contracts.Short-to-medium-term supply will expand from production developments planned in Trinidad and Tobago, ...
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