LNG SHIPPING IN THE EIGHTIES

Two trends discernable today suggest that LNG could be one of the most dynamic sectors of the shipping market during the 1980s. Firstly, the availability of crude oil is becoming increasingly limited and oil importers appear likely to turn to other marginal sources of primary energy, with supply availability being a more important consideration than cost. Secondly, oil exporting countries are becoming increasingly reluctant to flare associated gas, implying that LNG availability could increase substantially. These factors could generate boom conditions for LNG shipping, but proponents of LNG have been predicting a dramatic upsurge in trade for some time past. This upsurge has not yet materialised. Rather than accepting that the boom is now upon us, it is necessary to compare and contrast the possible future demand for and the supply of LNG ships. Study 82 will estimate the likely future demand for LNG carriers by means of a project-by-project, route-by-route analysis of planned and potential LNG projects. The level of shipping demand likely to be generated by the indicated trades will then be contrasted to the existing and scheduled supply of LNG carriers to highlight possible market imbalances and to identify the date of market equilibrium under various demand assumptions. As well as serving as a reference document, this report will provide an independent assessment of the growth prospects for LNG shipping.

  • Supplemental Notes:
    • From Shipping Studies 1980.
  • Corporate Authors:

    HPD Shipping Publications

    34 Brook Street, Mayfair
    London W1Y 2LL,   England 
  • Publication Date: 1980

Media Info

  • Pagination: n.p.

Subject/Index Terms

Filing Info

  • Accession Number: 00330457
  • Record Type: Publication
  • Report/Paper Numbers: No. 82
  • Files: TRIS
  • Created Date: May 21 1981 12:00AM