John Fredriksen-controlled Flex LNG sees the need for LNG restocking will mean more demand for flexible US cargoes during the summer.

Announcing fourth quarter results, chief executive Oystein Kalleklev said he does not expect to see a repeat of the US cargo cancellations seen in mid-2020.

“With an improved economic outlook, we do expect LNG exports to grow steadily in 2021, as the US is expected to produce close to capacity and this will also be positive for shipping demand,” he said.