LNG Cover


Add to Basket £59.99 inc VAT


LNG Market Snapshot — April 2015

  • The global active LNGC fleet grew to 401 vessels, up by two m-o-m
  • 32 more vessels scheduled for delivery in 2015
  • General vessel oversupply maintains pressure on spot charter rates ($24-30,000/day, down by up to 14% m-o-m)
  • Revenue per vessel continued to decline in April and rates converged in their respective basins
  • Charter market may find some respite from oversupply if up to 47 older vessels (25+ years) are scrapped or converted into FSRUs
  • LNGC market moves towards increasing commoditisation of LNG – but risk in buyers and sellers consolidating market power through mergers
  • Still, potential US-Europe LNG arbitrage could induce greater flexibility for traditional long-term Asian buyers
  • Asian LNG accounted for 94% of demand growth in 2014

Please purchase or subscribe to this report to continue reading or log in if you have already done so.


Not yet a subscriber?
Subscribe and Save 20%

If you are interested in a corporate subscription, please contact us at admin@petrologica.com or call us on +44(0)1206 823 295.