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LNG Market Snapshot — January 2014

  • No new additions to the global LNGC fleet, 365 vessels in total
  • Order book expanded by 2 vessels to 106 units; 37% of which remain speculative
  • Atlantic and Pacific LNG demand exceptionally high – resulting in LNG prices up to US$20/mmBtu
  • LNG demand only partially matched by new supply in 2014
  • Up to 18 newbuilds could enter spot charter market this year
  • Spot charter rates softer m-o-m as limited spot cargo availability reduces activity, situation likely to endure in 2014

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by Alexander Wilk // 30 January, 2014

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