ABSTRACT

With global primary energy demand forecasted to grow at about 1.7%/year from 2002-2030 [1], the world LNG demand is expected to grow at approximately 7%/Year [2].

By 2020 LNG trading via sea set to look much more global [3]. Hence even in current global economic downturn all activities connected with LNG shipping industry are at its Unprecedented Growth Phase [4-7] and is slowly inching into its globalization era [8].