Asian shipbuilding dominance could thwart LNG expansion, according to a recent report by Wood Mackenzie. The biggest expansion of global LNG supply on record, led by the United States and Qatar, could be slowed as most of the ships needed to transport liquefied natural gas (LNG) are currently being built in Asian shipyards.
The report highlights concerns that the increasing demand for LNG carriers may outstrip the capacity of Western shipyards, leading to delays and increased costs for LNG projects. This could have significant implications for the global energy market, as the expansion of LNG supply is seen as a key component of efforts to reduce greenhouse gas emissions and improve energy security.