The gas market is exciting, but only for those with a steady nerve and long-term commitment. Over 20 new LNG import projects have been mooted for the U.S. alone. We are witnessing an unprecedented expansion of shipping capacity to meet this and worldwide expansion of demand. Nearly 30 percent of the world fleet of LNG ships by gross tonnage (excluding options) have been ordered within the past two years. A number of these are already earmarked for U.S. import projects. If these projects succeed many more ships will be needed. The price of gas has still not recovered above the magical $3.50 to make projects profitable - what will happen to these projects? Will we see a glut of LNG ships as these orders hit the seas in the next three years as we now see in the box ship sector?