The last year has been a chaotic one for the liquefied natural gas (LNG) trade, and it could be a preview of what’s to come in the years ahead as the super-chilled fuel is further commoditized, according to Flex LNG Ltd. CEO Oystein Kalleklev. 

Flex owns a fleet of 13 LNG carriers. Like others in the business, it’s been a busy year for the company. The trade has grappled with record LNG and freight prices amid a rebound in demand and supply disruptions. The market is also adapting to a fast-changing energy landscape at a time when governments across the world are aiming to meet increasingly ambitious climate targets. 

The highs and lows that have characterized the LNG trade since 2020 are here to stay, Kalleklev said in an interview with NGI’s LNG Insight. He believes...