Liquefied Natural Gas (LNG) Tanker shipments to Asian countries are increasing day by day due to several reasons. First of all of the price of crude oil is touching an all-time high. This has made Asia a more significant buyer of LNG than Europe or North America. Asia’s population is growing considerably and so is its need for energy. It is now evident that more Asian economies will be the significant consumers of LNG over the next ten years.
The demand for LNG is directly proportional to the volume of gasoline in the ground in comparison with the yearly consumption. If there is not much natural gas in the ground, then there’ll be no need for it. As a result, the availability of LNG in the marketplace plays a decisive role in determining the price of gas in the market. The demand for LNG is growing despite the fact that there’s little supply of the commodity on the planet. If we carefully analyze the supply scenario of the future, it is evident that in the coming years, the world will require a good deal more LNG than the supply available now. This will have a significant impact on the costs of natural gas.
Because of the high demand for LNG, there are certain governments that are offering lucrative tax concessions to companies and individuals who purchase LPG tankers. These governments feel that the high prices of natural gas should be controlled or taxed sufficiently in order to offer the consumers with an adequate amount of energy. In the United States, the government is considering several alternatives to tax the export of LPG. By way of instance, it may impose a tax on the cost of transporting the LPG across state lines.
It also proposes to levy an import tax on LPG to suppress the over-supply of this commodity. Some European Union countries like Ireland and Norway have issued a restriction on the export of LPG. But, the United States has so far, remained mum on the issue. There are several reasons why the U.S. is not contemplating taxing the export of natural gas.
According to a recent report prepared by the Natural Resources Defense Council, U.S. lacks the experience to safely transport LPG through water. Experts in the area of ocean shipping say that there’s a high risk of oil spill in the event of sea transport of natural gas. Oil transported by sea is subject to piracy and oil spills are prone to occur. There is also a threat of land accidents as oil tankers don’t have sufficient room to move at safe speeds along the oceans.
A natural gas tanker could be a suitable solution to satisfy the increasing demand from the U.S. for fuel. There are two different types of natural gas carriers, namely, surface-carrying and offshore-transit vessels. Most natural gas will be transported by surface-carrying vessels since they are cheaper and faster. They have better capacities to transport volumes of natural gases. A normal natural gas carrier boat can handle about 200 tons of natural gas. But, most natural gas carriers require a permit for transporting bulk amounts of natural gas.
The expense of a natural gas tanker varies from one carrier to another. There are several factors that influence its price such as the gas density of the natural gas and its rate. Prices of organic gases have shot up recently as demand for it has increased. If you are looking to invest in a natural gas tanker, there are certain points you have to consider.
First, the natural gas carrier company will negotiate with the manufacturer of the natural gas in order to get the best price for his cargo. It’s much better to take a look at prices of different carriers online before investing. This will give you an idea of the cost that can be charged by different companies for transporting natural gas. It is also important to find out how the natural gas is stored and stored once it is in transit to get an idea of its storage capacity. Once you know how much you can invest, you’ll be able to gauge whether you will have the ability to earn a profit when you purchase a natural gas tanker.