Subscribe to RSS feedFive-year LNG spree
by
Obsidian
—
last modified
Mar 17, 2005 12:00 AM
Shipping will account for a third of the spending as the liquified natural gas industry gears up for a capital outlay of more than US$65bn in the next five years.
Energy analysts Douglas Westwood predict the LNG carrier fleet will grow to more than 300 vessels by 2009.
Newbuildings will account for more than US$21bn.
Annual spending on carriers, terminals and liquefaction trains will rise from this year's US$7.2bn to...
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