BLUF
The war in Ukraine has led to European countries looking for alternative supplies for Russian piped gas—but supplies must come by sea, and there is a shortage of tankers.Summary
Georgi Kantchev and Joe Wallace writing in the Bangkok Post, make the following points:
- South Korea is the biggest producer of LNG tankers, with orders through to 2027.
- There is a surge in LNG demand from South Korea and Japan due to a heat wave.
- Increased demand is expected from China when its COVID lockdown is lifted.
References
Recent Runway Posts related to this topic:
References from the Web:
- MAY 2022 Korean shipbuilders witness LNG carrier order surge-Offshore Energy
- JUN 2022 South Korean Shipbuilders Get First Orders for Qatar's LNG Expansion-Maritime Executive
- JUN 2022 LNG Carrier Sails from US to South Korea Using Autonomous Navigation- MaritimeLink
- AUG 2022 UK to receive shipment of Australian gas next week-BBC News
