SINGAPORE — Liquefied natural gas (LNG) shipping rates have hit multiyear lows and may extend losses going into 2025, analysts and shipping sources said, with new tankers being added at a faster rate than LNG production is rising and spot demand still tepid.
New LNG tankers, built in anticipation of rising US exports after a plunge in Russian gas supplies to Europe in 2022, are coming online earlier than liquefaction projects, which have been delayed amid inflation from strong wage growth and a shortage of skilled labor and equipment.
