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Global LNG Hub
Home LNG Trade

No ships to carry the gas?

Editor by Editor
2 months ago
min read1 min
Ships for gas transport
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In 2020 US LNG cargoes were cancelled due to low gas prices resulting in oversupply of ships.

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Start of 2021 cargoes are being cancelled due to very limited vessel availability despite very high gas prices and wide arbitrage spreads.

Will be interesting to see if the cargoes will be produced anyway by the operators and end up in the spot market.

Thanks to the LNG buffs in Bloomberg LP for the graph.

Source: Oeystein Moksheim Kalleklev, Chief Executive Officer at Flex LNG

Tags: Flex LNGLNG shippingLNG tankers
Editor

Editor

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