Commodity Market Report

Global LNG shipping long-term outlook 2021

14 April 2021

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14 April 2021

Global LNG shipping long-term outlook 2021

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.

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 17 images and tables including:

LNG fleet capacity vs. shipping demand
US LNG by destination basin
LNG shipping requirement by project

LNG ships secured by projects under construction
LNG ships secured by projects under construction
LNG vessels required to export 4.5 mmtpa to selected destinations by export region
LNG ship requirement for US Gulf exports by destination
LNG fleet development by size range*
Forecast LNG shipping supply
Shipyard summary
LNG shipyards committed output vs. shipyard capacity
Charter expiry schedule - LNG ship orderbook*
Charter expiry schedule - exisiting LNG fleet*
Charter expiry schedule - existing LNG fleet*
Historic and forecast LNG vessel scrapping
Scrapping potential of current LNG fleet
Modelled shipping demand vs. theoretical maximum shipping demand