Commodity Market Report
Global LNG shipping long-term outlook 2021
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*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
LNG shipping demand will continue to grow at a steady rate, with 600 additional ships above the existing orderbook required by 2040. The bulk of the existing newbuild orders will be delivered to under-construction projects in Russia, US, and Africa – all which are expected to begin commercial operations before 2024. LNG supply projects that take FID within the next 36 months, will bolster new orders into the late 2020s. However, with market space for new LNG supply projects limited, owners and investors will need to time their orders carefully to ensure the global LNG fleet does not grow faster than demand for them.
Table of contents
- LNG shipping supply-demand balance
- New LNG projects
- Procuring a new LNG Ship
- Shipyard berth availability and current orders
- Inactive fleet
- Scrapping
Tables and charts
This report includes the following images and tables:
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LNG fleet capacity vs. shipping demandUS LNG by destination basinLNG shipping requirement by project
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LNG ships secured by projects under constructionLNG ships secured by projects under constructionLNG vessels required to export 4.5 mmtpa to selected destinations by export regionLNG ship requirement for US Gulf exports by destinationLNG fleet development by size range*Forecast LNG shipping supplyShipyard summaryLNG shipyards committed output vs. shipyard capacityCharter expiry schedule - LNG ship orderbook*
- 5 more item(s)...
What's included
This report contains:
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