LNG shipping prospects brighten up
Athens - New LNG projects coming online are bound to improve the fortunes of LNG shipping carriers. In a recent market outlook, shipowner GasLog said that “with a growing number of new demand centers, the demand outlook for LNG carriers with long-term charters remains positive
Athens - New LNG projects coming online are bound to improve the fortunes of LNG shipping carriers. In a recent market outlook, shipowner GasLog said that “with a growing number of new demand centers, the demand outlook for LNG carriers with long-term charters remains positive.
We continue to see tenders for multi-year charters for vessels, which we expect will be used to transport volumes from new liquefaction facilities coming online over the coming years. We believe that these new LNG volumes will create demand for additional ships over and above those available in the market today”.
The ship owner said that “in the fourth quarter, there were several announcements that highlighted continued growth of LNG supply and shipping demand. BP committed to purchase 100% of the LNG produced by ENI’s Coral South Floating LNG (“FLNG”) facility.
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