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LNG carrier

  • 17 min read
  • 8 chapters

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Through Natural gas, Japan and Vacuum flask

Overview

The first oceangoing liquified natural gas tanker in the world was Methane Pioneer, which entered service in 1959 with a carrying capacity of 5,500 cubic metres (190,000 cu ft). LNG carriers of increasing size have been built since then, leading to the fleet of today, where giant Q-Max LNG ships sail worldwide that can each carry up to 266,000 m3 (9,400,000 cu ft).

A boom in U.S. natural gas production was enabled by hydraulic fracturing ("fracking"), creating large growth in natural gas production from 2010. The first U.S. LNG export facility was completed in 2016, with more following. The increasing supply of natural gas in the U.S. and export facilities expanded the demand for LNG carriers, to transport LNG around the world.

The 2022 Russian invasion of Ukraine dramatically increased the demand for LNG shipping worldwide. U.S. shipments to Europe more than doubled in 2022, to 2.7 trillion cubic feet.

As of 2023, there were 772 active LNG carriers in the world, however "this figure also includes floating storage units".

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