LNG Changes In The Context Of The Expanding Market Of Natural Gas
In the context of the continually expanding demand of natural gas worldwide, the LNG industry is undergoing significant changes in its trade structure and shipping characteristics. The growth in LNG trade will continue and with it the growth of the LNG shipping industry. Departing from the rigid structure of the traditional LNG trade, the introduction of trade flexibility through development of short-term contracts and spot trading is altering the picture in LNG shipping. In the current work, the evolution and future of LNG trade as a share of the natural gas trade is presented and analysed, with respect to worldwide and regional (mainly European) supply and demand and its competition with other current (pipeline) and emerging natural gas transportation alternatives. Changes in the structure of the LNG trade, in LNG chain economics and LNG fleet characteristics are detected, correlated and assessed. All efforts towards improving the competitiveness of the LNG industry must take into account the above-mentioned changes and, to this extent, it is revealed that the shipping link of the LNG chain presents adequate margins for technological advances. In this respect, areas of priority and measures for promoting the economics, reliability and safety of the LNG tankers are proposed.
When requesting a correction, please mention this item's handle: RePEc:ers:journl:v:vi:y:2003:i:3-4:p:67-84. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Giorgos Zachopoulos)
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If references are entirely missing, you can add them using this form.
If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.
Please note that corrections may take a couple of weeks to filter through the various RePEc services.