The global liquefied natural gas (LNG) market is bracing for a significant supply expansion, led by the United States and Qatar. However, this growth may be hindered by a crucial factor: the dominance of Asian shipbuilding in the construction of LNG carriers.
A recent report by Wood Mackenzie highlights that the majority of the ships needed to transport the fuel are being built in South Korea and China. This could potentially slow down the expansion of global LNG supply, as the availability of these vessels may become a bottleneck. The report's findings underscore the importance of considering the intersection of shipbuilding and LNG trade in the global energy landscape.