A potential for increased LNG exports could balance out the anticipated surge in LNG newbuilding deliveries next year if cargo cancellations are held in check, according to Flex LNG.
Speaking in a third-quarter results call chief executive Oystein Kalleklev quoted US Energy Information Administration figures, which suggest US LNG production could grow by 16 million tonnes next year.
He said for shipping — which saw around 180 US LNG cargoes cancelled this year — fewer US cargo cancellations are “crucial” as when these are pulled to Asia they are shipping intensive.
