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GAIL in a corner-II: 50 vessel shortage projected
Nov 04: Latest data shows that there is going to be a 50 vessel shortage to offtake LNG from projects which are confirmed for completion by 2020.
8Data is given here on how the shortage looms ahead
8A big rush to grab a slice of existing "free" vessels are likely when these projects come to fruition.
8The vessel shortage data is derived by looking at vessel deployment from historical Sabine Pass voyages. A total of 1.75 ships per million tonnes of LNG offtake is needed, the data shows.
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