Small-scale LNG projects are expected to gain momentum driven by strong demand for LNG from small importers coupled with reduced risk and lower investment cost when compared to mega LNG export projects, according to Drewry.
As a result, the UK-based shipping consultancy expects an increase in ordering of small LNG carriers (less than 50,000 cbm) in 2019 and beyond.
Small projects, defined as facilities with production and regasification capacity of less than 500,000 tonnes per year, are an attractive investment opportunity for countries with low LNG consumption such as Gibraltar, which has already set up a small LNG import terminal with a total storage capacity of 5,000 cbm.
