HOUSTON, TEXAS (Editors at Energy Analytics Institute, 4.Feb.2025) — The outlook for liquefied natural gas (LNG) shipping over the short-to-medium term is challenging owing to numerous ship deliveries ahead of ramped up new export capacity.
Flex LNG Ltd. expects the period between 2024-2027 will likely resemble the period between 2014-2017.
“There is one key difference, we will likely see a sharp increase in the demolition of older, less efficient tonnage, primarily steam tonnage which will prepare the ground for improved markets, similar to what was experienced in 2017,” Flex LNG said 4 Feb. 2025 in an official statement.
“In any case, Flex LNG utilized the upturn between 2021-2023 well to build both a fortress balance sheet and charter backlog and we are well prepared for the current weak market. We are therefore guiding financial performance in 2025 to be in line with what we achieved in 2024,” the company said.
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By Editors at Energy Analytics Institute. © 2025 Energy Analytics Institute (EAI). All Rights Reserved.
