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 expect that projects in Angola and Australia will commence production and from next year onwards, we believe significant additional capacity will come on line in Papua New Guinea and Australia. 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.