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Latest LNG fact sheet
Jun 15: 8The latest data shows that around 5% of the LNG fleet, amounting to around 24 vessels are laid up
 -- But the point to note is that the average age of the laid up vessels is 31 years.
 -- The demand for new energy efficient vessels is high.
 -- Among new vessels to be delivered this year, there are no uncommitted units.
 -- There are only five uncommitted vessels to be delivered in 2018 and six in 2019.
8Europe is the sink market for LNG and latest data shows that the continent will need to absorb a whopping 56 MMT of LNG in 2021 (~39 mt was imported in 2016) which is a ~140% increase from 2016. If it doesn't, if Russia fights hard to retain its share of the piped gas market, he over supply will splash over to the rest of the world, with attendant ripple effects. Some of these additional volumes are however expected to get absorbed by floating regasification projects that have not reached FID yet.
8Recent Sabine Pass dispatch behaviour shows that India is receiving a reasonable chunk of the total cargo. The average journey time for a Sabine Pass cargo is around 22 days and the time taken to India is 29 days. Sabine Pass cargoes are reaching destinations which are further away from India, as the data shows. Japan, South Korea and now China take longer to travel to than India. Some vessels discharging into markets in the Middle East and India have opted to round the Cape of Good Hope rather than pass through Suez. 
8In 2000, there were only 43 country-to-country trade routes globally. By 2016, the number had expanded to 255. Of these, 101 routes discharged in China or India. 
8The FSRU market has grown steadily over the past years. By the end of 2016 floating regas capacity made up ~15% of total regas capacity, an increase of 5% from 2010. This trend is expected to continue as access to new customers and regasification capacity will remain key in the LNG space. Based on regas capacity under construction and planned, the share of floating regas capacity is expected to make up ~21% by 2021. 
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