LNG

Demand for FSRUs outstrips supply

A large number of LNG projects worldwide are planning to use FSRUs, but the small number of vessels on order means delays are inevitable A large number of LNG projects worldwide are planning to use FSRUs, but the small number of vessels on order means delays are inevitable.
By Andrew Walker 23 November 2017 0 28519
Chart showing FSRUs committed and on order

There are more than 40 LNG import projects around the world looking to use FSRUs but only 12 vessels on order, meaning many of these projects will face delays to their planned timetables.

The shortage has been caused by the fact that the majority of these floating import projects are looking to come online in the next two or three years. They are seeking to capitalise on lower LNG prices brought about by the large amount...