Increased growth demand in LNG (liquid natural gas) trade within the next 10 years will directly affect both vessel demand and traditional trading patterns for natural gas worldwide. OSC (Ocean Shipping Consultants Ltd, 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 moste 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, Nigeria, Qatar, Oman, Australia, Indonesia, and Malaysia, the report stated, and longer-term expansion prospects will arise in the US, Yemen, Iran, Egypt, and Venezuela. In addition, there will be renewed growth in Asian LNG import demand, both in established markets such as South Korea and Taiwan and in emerging markets in India and China.


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    Title :

    LNG trade growth to drive vessel demand, set trading patterns


    Additional title:

    Der wachsende, weltweite LNG-Handel führt zu einer steigenden Nachfrage nach Schiffen und ändert die Handelsmuster


    Published in:

    Oil and Gas Journal ; 98 , 34 ; 44-46


    Publication date :

    2000


    Size :

    3 Seiten, 2 Bilder, 3 Tabellen



    Type of media :

    Article (Journal)


    Type of material :

    Print


    Language :

    English




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