The LNG market appears set for significant expansion in the coming years as a result of the large number of new liquefaction projects being developed. This year we have seen additional capacity in Papua New Guinea and believe there will be significant additional capacity from projects in Australia, the US, Russia, East Africa and Canada over the coming years. In addition significant plans for new exports from new and existing producing regions have been reported.
With an increase in liquefaction projects comes an increase in demand for transportation for the gas they liquefy. GasLog has a modern technologically advanced fleet that we believe is positioned to help accommodate some of the increased shipping demand over the coming years.