The global fleet of LNG carriers surpassed 400 ships in 2014. This number is anticipated to increase to over 500 in the next five years. The increase in LNG carriers is a direct reaction to the flurry of new LNG exporting projects in Australia and North America. Most of these ships are being built in […]
How Are Low Oil Prices Impacting the LNG Industry?
In the past several months, oil prices have fallen considerably. Brent crude oil is down 32% from $113 to $76 and WTI is down 29% from $107 to $75. While down, natural gas has not seen as large a fall. Henry Hub Natural Gas is down 9% from $4.70 to $4.20. The recent decline in […]
The global fight for resources
Nothing is more telling of the global fight for resources than a few trips to Asia and long conversations with clients as I have learned this past year. To build the roads, bridges, cars, planes, and power plants their people need, policy makers, CEOs, and consumers in India, China, Thailand, and Malaysia in Asia are […]