GasLog Ltd, LNG shipowner and parent of the publicly traded partnership, saw an upgrade from Citi today as dropdowns from the parent look more promising.
Shipping research analyst Chris Wetherbee bumped up production forecasts for global LNG production to 194 million tonnes per annum (mtpa) by 2022, compared to an earlier forecast of 153 mtpa.
Along with increasing cargoes, ship supply appears manageable, with some 119 newbuildings expected to be deliveried.
