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LNG Market Snapshot — February 2015

  • 2 new additions to the global LNGC fleet, now 399 vessels in total
  • 34 more vessels scheduled for delivery in 2015
  • General vessel oversupply maintains pressure spot charter rates ($32-44,000/day, drop by up to 30% m-o-m)
  • Asian LNG spot market is sluggish – long-term, oil indexed prices could converge with spot prices
  • LNGC market at risk of being structurally oversupplied if whole order book materialises
  • LNGC spot charter market may be squeezed over the next 5 years if LNG export capacity shrinks further

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