LNG

LNG market facing looming tanker shortage – IEA

The shipping industry is emerging as a weak link in the LNG supply chain, as a lack of new tankers could constrict supplies The shipping industry is emerging as a weak link in the LNG supply chain, as a lack of new tankers could constrict supplies.
By Colin Shek 22 October 2018 0 32986
The Golar Spirit LNG carrier in Brazil. (Golar LNG)

A shortage of new LNG carriers after 2020 is emerging as a potential bottleneck for the global LNG market, and could threaten the fuel’s pivotal role in enhancing flexibility and security of global gas supply, according to a new report from the International Energy Agency (IEA).

Growth in LNG shipping capacity is set to peak this year, with more than 50 new carriers with a combined capacity of 10 million cubic metres (MMcm) scheduled to be delivered, the IEA said in its third...