Cheap LNG will create demand, squeeze out coal and benefit freight, say owners

Low LNG prices will create new downstream demand that will benefit freight and squeeze out competing energy sources, such as coal, according to Golar LNG and Flex LNG.

Speaking in an LNG session at Capital Link’s online conference chaired by Webber Research founder Michael Webber, Golar LNG chief executive Iain Ross said the market is likely to see increasing interest in floating storage and regasification units.