Japanese shipyards are eyeing a possible return to LNG carrier construction in response to rising prices and the growing global energy crisis.

Mitsubishi Shipbuilding, a subsidiary of engineering giant Mitsubishi Heavy Industries (MHI), told local press it plans to continue in the sector through technology and design work and equipment supply for LNG carrier newbuildings.

It has a 200,000-cbm LNG carrier design that it can build at Japanese shipyards where production costs are lower than its own facilities.