Using VesselsValue data, Joey Daly, Energy Efficiency Analyst, analyses the LNG market in 2022. This article explores the supply and demand factors, S&P transactions, fleet breakdown and 2023 outlook for LNGs. You can read the full piece here.
“Despite LNG carriers accounting for a mere 1.45% of the total cargo fleet, the overall value of LNG sale and purchase transactions accounted for nearly 12% of all cargo transactions that took place in 2022, up from 3% in 2021. This reflects the surging freight rates and values experienced by the LNG sector in 2022, in the wake of major disruptions to Europe’s gas supply…” Read more.
“LNG’s popularity as a fuel has increased substantially over the last decade, and as a result, the LNG carrier sector has seen substantial growth. The number of newbuild orders placed every year has been increasing steadily since 2019, with the data showing a clear upward trend over the last 20 years…” Read more.
