A record number of ships will be delivered but market dynamics are increasing LNG shipping demand

The rebalancing of LNG market will be driven by strong growth in Asia gas demand, especially in China.

The combined demand from the three largest Chinese gas distribution companies at 34 bcm is larger than the Spanish market.

Lowering fuel cost and emissions are driving refineries to import LNG.

CCS will play a significant role in reducing LNG emissions as long as costs are reduced and country-specific legislation progresses.

The emerging LNG buyer gains competitiveness from tax exemptions and will avoid pipeline access issues.

Growing LNG demand has been a key topic at the Gastech conference in Tokyo this week

Despite tight margins, three US LNG projects have been sanctioned this year, and further FIDs are expected in 2024. We explain why.