World LNG Report 2025_02

Regional concentration of global LNG trade further increased in 2024. Cargo absorption into Asia rose 12.48 MT to 117.97 MT and added 9.77 MT to 165.09 MT in Asia Pacific. Meanwhile, cargo flow into Europe dropped by 21.22 MT to 100.07 MT for the year. Consequently, the relative share of Asia and Asia Pacific in global imports climbed to 40.1% and 28.7%, up from 38.7% and 26.3%, respectively, while the share of European LNG imports declined to 24.3% from 30.2% in 2023.