LNG Rates

Delay In Projects Threaten LNG Market Balance

The global liquefied natural gas (LNG) market, which was set to be constantly loose in the second part of this decade, is instead set to get tighter and could even see annual supply deficits as a result of likely delays in the development of LNG projects in Mozambique due to the country’s worsening security situation, a Rystad Energy report reveals, says an article published on Rystad Energy.

A setback

Mozambique was once poised to catapult into the upper ranks of global LNG producers by the...

https://mfame.guru/delay-in-projects-threaten-lng-market-balance/

As LNG Ships Make a Market Return After Sanctions, LNG Rates Soar

According to a Drewry report, LNG shipping rates have surged to $130,000pd currently from around $80,000pd at the end of September due to tight vessel supply and seasonal firmness in demand.

Furthermore, the upward momentum in rates is expected to be maintained in 4Q19 due to a reduction in the availability of vessels in the spot market, driven by several factors including– US sanctions on COSCO-linked LNG vessels, a rise in LNG demand, vessels being used for floating storage and typhoons...

http://mfame.guru/as-lng-ships-make-a-market-return-after-sanctions-lng-rates-soar/