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.

What do you think? Learn more about REC and our natural gas marketing and LNG services at www.ReeseEnergyConsulting.com.

Cheniere Energy

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.

www.cheniere.com

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