|By PR Newswire||
|January 22, 2013 09:02 AM EST||
LONDON, January 22, 2013 /PRNewswire/ --
Visiongain's analysis indicates that the LNG carrier market will reach a value of $6.47bn in 2013, as companies seek to take advantage of the arbitrage opportunity that exists between the supply and demand sides of the global natural gas market. The LNG carrier market is therefore forecast by Visiongain to experience strong expansion over the next five years, reaching record levels of vessel output and capital expenditure.
The lead analyst of the LNG carrier report commented that, 'With the expansion of both LNG export and import infrastructure and very strong supply and demand natural gas market dynamics, more LNG carriers are required. The current undersupply of vessels is illustrated by an utilisation rate of the LNG carrier fleet approaching 100%, which has led to record charter rates for LNG carriers. Natural gas discoveries in North America are leading to LNG export terminal expansion on the continent, which, in addition to those terminals planned in Australia, will create yet more supply routes that need to be serviced by LNG vessels. Underpinning all this investment in LNG carriers is the significant arbitrage opportunity that exists between supply and demand markets. As the LNG spot market expands, a larger and more flexible LNG carrier fleet will be required. There is also a justifiable interest in smaller LNG carriers as the economics of transporting LNG to remote areas for power generation or for use as a transportation fuel improves.'
The report contains 112 tables, charts and graphs that add visual analysis in order to explain developing trends within the LNG carrier market. Visiongain provides forecasts for the period 2013-2023 in terms of capital expenditure (US$) on LNG carriers. In addition to a global forecast, there is a breakdown of seven leading markets by capital expenditure: three focus on the leading national LNG carrier construction markets; three breakdown the market by dominant containment system types used on LNG carriers; and one looks exclusively at the future of the small-scale LNG carrier market (less than 50,000 cubic metres of capacity). The forecasts include a breakdown of all current contracts on LNG carriers, a forecast of future delivery numbers and a breakdown of all LNG liquefaction terminals currently planned or under development.
A company's chapter provides extensive and detailed profiles, analysis and outlooks for the seven leading shipbuilders in the LNG carrier market; this includes detailing current projects, contracts, M&A activity, strategic focus and the future outlook of the companies. 46 other companies active in the market are also detailed. Last of all, three interviews from prominent figures within the LNG carrier industry provide expert insight alongside Visiongain analysis.
The LNG Carrier Market 2013-2023 will be of value to current and potential future investors in the LNG carrier industry and the LNG industry as a whole. It will also benefit companies and research centres that wish to broaden their knowledge and understanding of a growth market that will be crucial in shaping the future outlook of the global natural gas industry.
For further information concerning the Visiongain's LNG Carrier Market 2013-2023 report please visit http://www.visiongain.com/Report/960/The-LNG-Carrier-Market-2013-2023
Agip (Division of ENI)
Anglo Eastern Management
Apache Canada Ltd
Avner Oil Exploration
BC LNG Export Cooperative LLC.
Bonny Gas Transport
Braemer Seascope Group
Brunei Gas Carriers
Cambridge Energy Group
China LNG Shipping
China Ocean Shipping Company (COSCO)
China Shipping Group
China State Shipbuilding Corporation (CSSC)
Chinese National Petroleum Corporation (CNPC)
Chubu Electric Power
Corpus Christi LNG
Daewoo Shipbuilding and Marine Engineering (DSME)
Dalian New Shipyard, Nantong
Diamond Gas Carriers
Eilat Ashkelon Pipeline Company
EMP Energi Indonesia
Energy Projects Development, LLC
EOG Resources Canada Inc
Federal Republic of Nigeria represented by the Nigerian National Petroleum Corporation (NNPC)
Financial Times (FT)
Gaztransport and Technigaz (GTT)
Hanjin Heavy Industries
Hudong Heavy Machinery
Hyundai Heavy Industries (HHI)
Inpex Browse Ltd
Iraq's South Gas Company
Japan Petroleum Exploration Company (Japex)
Jiangnan Shipbuilding Group
Kawasaki Heavy Industries (KHI)
Korea Gas Corporation (KOGAS)
Kunlun Energy Limited
Kuwait Foreign Petroleum
LNG Marine Transport Company
MAN Diesel and Turbo
Medco Energi International Tbk
Mineral Resource Development Corporation
Mitsubishi Heavy Industries (MHI)
Mitsui Engineering and Shipbuilding
Mitsui O.S.K (MOL)
Nantong Mingde Heavy Industry Group
National Iranian Gas Export Company (NIGEC)
National Iranian Oil Company (NIOC)
National Petroleum Company PNG
Natural Gas Pipelines Company (Israel)
Nippon Yusen Kabushiki Kaisha (NYK)
OAO United Shipbuilding Corp
Oman Oil Company
Oman Shipping Company
Pacific Rubiales Corporation
PetroChina (Hong Kong subsidiary of CNPC)
Petroleous de Venezuela, S.A. (PDVSA)
Pieridae Energy Canada
ProNav Ship Management
Qatar Petroleum International
Queensland Gas Company Ltd
Ronshong Heavy Industries Group
Royal Dutch Shell
Sabine Pass LNG
Samsung Heavy Industries (SHI)
Shanghai Waigaogio Shipbuilding
Shell Upstream Overseas Services
Shenghui Gas & Chemical Systems
Société Nationale des Hydrocarbures
Sovcomflot Group (SCF)
State Oil Company of Azerbaijan (SOCAR)
STX Offshore and Shipbuilding
Taizhou Wuzhou Shipbuilding
Teekay LNG Partners
Tokyo Electric Power Company (TEPCO)
Total E&P Australia
Tsakos Energy Navigation (TEN)
United Parcel Service (UPS)
Veresen, Inc. and
Notes for Editors
If you are interested in a more detailed overview of this report, please send an e-mail to [email protected] or call her on +44-(0)-20-7336-6100
Visiongain is one of the fastest growing and most innovative independent media companies in Europe. Based in London, UK, visiongain produces a host of business-2-business conferences, newsletters, management reports and e-zines focusing on the Energy, Telecoms, Pharmaceutical, Defence, Materials sectors.
Visiongain publishes reports produced by its in-house analysts, who are qualified experts in their field. Visiongain has firmly established itself as the first port-of-call for the business professional, who needs independent, high quality, original material to rely and depend on.
Email: Sara Peerun on [email protected]
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