4 ms·
> That's the thing, there is high demand, and they have supply, they also can sell them contracts to build more infrastructure to increase the rate at wich supp
by zie 4y ago
> That's the thing, there is high demand, and they have supply, they also can sell them contracts to build more infrastructure to increase the rate at wich supply is delivered
Sure, but it's not like they can build large LNG cargo ships overnight.
Per Wikpedia: "According to SIGTTO data, in 2019 there were 154 LNG carriers on order, and 584 operating LNG carriers" -https://en.wikipedia.org/wiki/LNG_carrier https://en.wikipedia.org/wiki/LNG_carrier
So sounds like they were already backordered ridiculously. Something tells me it has only gotten worse since.
- LargoLasskhyfv 4y agoDoesn't matter, keeps prices high. Besides that, one delivery of LNG amounts to a revenue of about 150 million USD/EUR/or something. So depending on the route one such thing could do that about once per month, or maybe once every six weeks. Cha-Ching!
- zie 4y agoSure, but the demand is steady and high and has been or the world would not have 25% more LNG carriers on order in 2019 BEFORE this latest demand.