Seatrium Rides LNG Boom Amid US-Iran Conflict

Seatrium is capitalizing on growing demand for liquefied natural gas (LNG) infrastructure as countries seek alternative energy sources due to the US-Iran war. The closure of the Strait of Hormuz has made oil prices volatile, leading governments to invest in new ways to keep the lights on.

Seatrium's chief executive Chris Ong said that the energy crisis is reshaping global energy flows and driving demand for LNG supply. He noted that countries are seeking infrastructure investment to secure their feedstock and power homes, creating opportunities for Seatrium.

The company has experience in designing and building LNG platforms, including being the first in the world to engineer a floating storage and regasification unit (FSRU) in 2008. Ong said that demand for these units is driven by 'LNG supply tightness, energy security, and the push for supply diversification.'

Seatrium's net order book stood at $13.3 billion as of June 30, with deliveries through to 2033. The company expects its FY2026 net profit to be 'materially higher' than FY2025.