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Ukraine war keeps red-hot LNG market up in 2022

”The market has changed completely for all the wrong reasons,” says Gaslog’s top exec with reference to the war in Ukraine. The West’s quest for energy independence has brought with it a new reality for carriers such as Gaslog, Golar and Flex LNG.

LNG filling station for trucks in Dortmund, Germany. Europe's sudden appetite for LNG in the wake of Russia's invasion of Ukraine may prolong the heydays for gas carriers. | Photo: INA FASSBENDER/AFP / AFP

War and conflicts may cause commercial markets to be altered completely. Currently, this is very true when looking at the red-hot liquefied natural gas market.

This was the view of the market leaders from Flex LNG, Gaslog, Capital Gas and Golar LNG at Capital Link’s conference Tuesday regarding the outlook for LNG. The companies expect to continue the great 2021 results in 2022, although knowing that improved earnings are connected to loss of human lives on the short term.

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