LNG market analysis and freight rates
Master Thesis
Author
Νικολαΐδης, Αθανάσιος
Nikolaidis, Athanasios
Date
2022-04View/ Open
Keywords
LNG ; LNG vessels ; LNG imports ; LNG exports ; LNG freight rates ; FSRU’sAbstract
For an industry that is just over 50 years old, liquefied natural gas (LNG) has developed vastly and is at the moment portion of the change in the worldwide energy market. Over the last two decades LNG trade has grown four times and is expected to double-up over the two decades ahead.
To understand the mechanisms under which LNG trade has risen, we should first get familiarized how the LNG circle works and what type of vessels are used to transport it. Furthermore the spot where we find LNG ships in the value chains shall be enlighten.
Moreover, the global import and export stakeholders are to be presented in order to understand the trade routes as also the imbalances of trade between producers and consumers. Truly important is also to clear the amounts of gas produced, as also the important role the floating storage and regasification units play and how all these when combined together, make a volatile freight market.
Finally, presenting the major LNG charterers and the main LNG carriers will give a clean view on how the game is played on terms of supply and demand capacity. Finally the freight rates will be the supportive tool to understand the market volatility and shall provide some useful information on what we have to expect in the future.