Singapore VLGC owner BW LPG is forecasting a switch from LNG to LPG as the world seeks to meet its energy needs more cheaply.
Niels Rigault, the Oslo-listed company’s commercial executive vice president, told a conference call that it is still early days, but the signs are positive.
“The winter hasn’t really started … for instance in Europe, but it’s clear that people will tend to go for the cheaper energy and we have also seen announcements on the petrochemical side that people are looking at different alternatives and for instance, using LPG as a fuel,” he said.
