LNG increase

LNG Trade would increase 10% to 388 million tons in 2020. Dominated by new US volumes, LNG trade is expected to increase by 10% per annum from 290 million tons in 2017 to around 388 million tons in 2020, said Golar LNG. According to industry analysts, ton mile demand is expected to increase by 40% over the same time frame. Annual fleet growth of 5% through 2020, will, according to industry analysts, not be sufficient to meet this demand.