TW: What are the key changes you see in the LNG industry today?
MR: The biggest challenge is the swing towards the shorter-term contracts.
MOL is a traditional, long-term, player. It is difficult to justify wanting to spend $180m [on a newbuilding] against a five-year contract. The big concern is the residual value risk. What is the point of locking into something that won’t make a reasonable return.
MOL
