Asian shipbuilding dominance could thwart LNG expansion, Wood Mackenzie says

Wood Mackenzie flagged that the record-high expansion in global LNG supply led by the US and Qatar could be slowed because a large share of LNG carrier ships are being built in South Korea and China. The supply-chain constraint raises the risk of delayed cargo capacity even as new supply projects progress. This is likely a cautious signal for near-term LNG balances and price sensitivity.

Analysis

Wood Mackenzie flagged that the record-high expansion in global LNG supply led by the US and Qatar could be slowed because a large share of LNG carrier ships are being built in South Korea and China. The supply-chain constraint raises the risk of delayed cargo capacity even as new supply projects progress. This is likely a cautious signal for near-term LNG balances and price sensitivity.