Monday 2 April 2018

America’s gas exports keep booming but a dearth of tankers looms

America’s gas exports keep booming but a dearth of tankers looms:

"More new tankers were ordered in the first quarter of 2018 to carry liquefied natural gas than in all of 2017. Still, the buildout won’t come fast enough to meet growing global demand. That’s the message from GasLog Ltd, a Monaco-based tanker owner and manager that’s predicting a 30- to 40-vessel gap by 2020 as the number of export terminals worldwide continues to rise. In the US alone by that point, there’s expected to be four export terminals operating, compared with just one now, and other countries are also expanding in the field. The immediate result of the tanker gap: Shipping costs could rise, and it may be tougher to get the product to foreign markets, said Jefferson Clarke, an industry analyst at London-based Poten & Partners Inc."



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