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LNG Market Snapshot — February 2014

  • 1 new addition to the global LNGC fleet, 366 vessels in total
  • Order book expanded by 2 vessels to 107 units; both seem speculative
  • Atlantic and Pacific LNG demand remains exceptionally strong – resulting in LNG prices up to US$20.5/mmBtu for April deliveries
  • LNG supply unlikely to even closely match demand
  • Bulk of new vessel deliveries scheduled for 2Q and 3Q 2014
  • Spot charter rates softer still m-o-m as limited spot cargo availability reduces activity, situation likely to endure in 2014 amid limited supply

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by Alexander Wilk // 28 February, 2014

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