Tuesday, 24 October 2006 10:58
Clare Calnan
Looking back over the last 20 years it can be seen that in terms of both the types of trading and the volumes of cargoes being transported the LNG market has come a long way in a short time.
By 2009 the size of the LNG carrier fleet is expected to increase to 300 vessels and by 2011 it is likely to reach 450 vessels.
It is inevitable that with this level of expansion comes innovation and flexibility, not only on the part of the oil and gas companies developing new sources of supply, but also on the part of the LNG buyers in both traditional and emerging markets.
Looking back over the last 20 years it can be seen that in terms of both the types of trading and the volumes of cargoes being transported the LNG market has come a long way in a short time.
By 2009 the size of the LNG carrier fleet is expected to increase to 300 vessels and by 2011 it is likely to reach 450 vessels.
It is inevitable that with this level of expansion comes innovation and flexibility, not only on the part of the oil and gas companies developing new sources of supply, but also on the part of the LNG buyers in both traditional and emerging markets.
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Published in
Sep 2006
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