Authors: Siyuan Wang; Theo Notteboom
Addresses: ITMMA University of Antwerp, Kipdorp 59, 2000 Antwerp, Belgium. ' ITMMA University of Antwerp, Kipdorp 59, 2000 Antwerp, Belgium
Abstract: The aim of this paper is to explore how the maritime shipment of liquefied natural gas (LNG) to Europe has developed over the last decade, given the growing usage of natural gas and increasing seaborne trade volume of LNG over the world. This paper presents the current situation of the LNG trade flows in Europe and also investigates the dynamics of the LNG shipping market, fleet development and import terminal projects in Europe, which are all indispensable to transport LNG to the European market. It is found that Europe increases LNG imports largely in recent years in order to secure its gas supply for seasonal fluctuations. Responding to such rising import volume, many new facilities are being built and planned in the region, including the ordering of new ships and the construction of new regasification terminals.
Keywords: LNG trade; Europe; shipping market; fleet development; import terminals; terminal projects; maritime shipment; liquefied natural gas; trade flows; new ships; regasification terminals.
International Journal of Ocean Systems Management, 2012 Vol.1 No.3/4, pp.339 - 357
Available online: 10 Apr 2012 *Full-text access for editors Access for subscribers Purchase this article Comment on this article