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09 January 2009 The on-line newspaper devoted to the world of transports 11:11 GMT+1



April 19, 2004

Massive LNG ship newbuilding program needed?


World LNG demand is forecast to rise from 158 billion cubic meters (bcm) to 269 bcm by 2010 and to 428.5 bcm by 2020. This growth represents an average annual trade growth of 7.6% over the near-term, with a slowing to 5.4% through to 2015 and 4.9% up to 2020. Such trade growth will necessitate an increased vessel building programme. Currently there are 59 vessels on order, but to match the expected development of trade volumes an additional 33 vessels are required through to 2010 ......
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