2022: Great Year For LNG Shipping Stocks

Jan. 18, 2023 11:32 AM ETAWLNF, FLNG, GLNG, GLOP, NFE, APO, DJT, NDX, SP50010 Comments
Tomas Novotny profile picture
Tomas Novotny
297 Followers

Summary

  • The LNG shipping sector, represented by the UP World LNG Shipping Index, gained 45.76% in 2022.
  • Two companies gained over 77%.
  • The LNG shipping sector is finally profiting from years of infrastructure building, which is essential for the global energy supply.

Big red painted LNG (liquefied natural gas) carrier vessel lying at anchor in the arctic ocean in front of Sørøya island with snow-covered mountains near Hammerfest, Norway in winter.

Timon Schneider

Last year was again very successful for LNG shipping stocks. According to the UP World LNG Shipping Index, this sector posted an increase of more than 45%. In 2021, it was a gain of 38%.

Key factor

Chart of Awilco LNG with the UP World LNG Shipping Index

Chart of Awilco LNG with the UP World LNG Shipping Index (UP-Indices.com)

Chart of New Fortress Energy with the UP World LNG Shipping Index

Chart of New Fortress Energy with the UP World LNG Shipping Index (UP-Indices.com)

Chart of Golar LNG with the UP World LNG Shipping Index

Chart of Golar LNG with the UP World LNG Shipping Index (UP-Indices.com)

Chart of Exmar with the UP World LNG Shipping Index

Chart of Exmar with the UP World LNG Shipping Index (UP-Indices.com)

Chart of Flex LNG with the UP World LNG Shipping Index

Chart of Flex LNG with the UP World LNG Shipping Index (UP-Indices.com)

Chart of GasLog Partners with the UP World LNG Shipping Index

Chart of GasLog Partners with the UP World LNG Shipping Index (UP-Indices.com)

This article was written by

Tomas Novotny profile picture
297 Followers
6/2022 - now: Member of Society of Technical Analysts in UK 9/2016 - now: UP forum s.r.o. 3/2016 - now: LNG shipping investor 7/2009 - now: Private investor at Warsaw Stock Exchange 11/2006 - now: Board Member of Czech National Association of Technical Analysis 2/2011-6/2016: Board Member at Financial Progress Group a.s. 1/2003-4/2013: Head of Sales and Marketing, Theatre Na zábradlí, Prague 2004-2010: Master degree of Arts Management at Academy of Performing Arts, Prague

Disclosure: I/we have a beneficial long position in the shares of FLNG, GLOP either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

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