Reese Energy Consulting today is following news from Houston-based Cheniere Energy, which has inked a charter agreement with GasLog for the marine vessel Methane Heather Sally. Cheniere has the option to extend the one-year shipping agreement to an additional 1-2 years by August—and the LNG producer just might want to do that sooner than later. Consultancy Rystad, predicts LNG carrier demand will double from 2 trillion ton-miles last year to 4 trillion ton-miles by 2030, this due to sizzling hot Asian demand expected to account for a whopping 75% of the global LNG market by the end of the decade. A record 64 newbuild vessels are on track this year for delivery and that’s the golden number needed every year now to meet growing demand. Qualified shipyards, however, have a current annual build capacity of only 57 units. Athens, Greece-based GasLog, owns the Methane Heather Sally—a Bermuda-flagged, LNG steam turbine carrier built in 2007 with 147,702 cubic meters of payload. GasLog last week signed new charter agreements with Shell and Total.
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Cheniere Energy, Inc. is a liquefied natural gas company headquartered in Houston, Texas. In February 2016 it became the first US company to export liquefied natural gas. As of 2018 it is a Fortune 500 company.