IGU Reports

Global liquefied natural gas (LNG) trade grew by 2.4% in 2024 to 411.24 million tonnes (MT), connecting 22 exporting markets with 48 importing markets. Asia Pacific remained the largest exporting region with 138.91 MT in 2024, adding 4.10 MT over 2023. European LNG imports declined sharply, falling 21.22 MT year-on-year to 100.07 MT, driven by high storage levels at the start of the year, sluggish demand, and steady pipeline flows. However, LNG demand rebounded in Asia, with China and India posting strong year-on-year growth in spot LNG imports, driven by heatwaves, infrastructure expansions, and greater reliance on gas-for-power.

As the East Mediterranean Gas sector continues to develop, there are numerous avenues for investment for foreign direct investments (FDIs) or public-private partnerships (PPPs) ranging from upstream exploration and production to midstream infrastructure projects such as pipelines and LNG terminals, and downstream activities such as energy distribution networks. Other promising regional investment opportunities are developing and deploying decarbonisation technologies such as Carbon Capture and Storage (CCS) and Carbon Capture, Utilisation and Storage (CCUS).

Aligned to IGU’s support of the Paris Agreement’s Nationally Determined Contributions to reduce GHG emissions and its commitment to significantly decarbonise the global energy system, this “Introduction to Low Carbon Gas Technologies” provides a brief guide on key low-carbon and renewable gas technologies that are currently available for deployment to ramp up the gas industry’s efforts towards deep decarbonisation.

The International Gas Union (IGU), Snam and knowledge partner Rystad Energy, are pleased to announce the Global Gas Report 2024 Edition. Rising Energy Demand in All Regions and Underinvestment in Gas and Clean Energy Jeopardise Global Energy Supply, with 2030 Energy Targets Visibly Out of Reach.

This is the 15th annual edition of the World LNG Report, the world’s most comprehensive public source of information on key developments and trends in Liquefied Natural Gas (LNG).

The International Gas Union (IGU) today releases its 2024 Global Wholesale Gas Price Survey report, the 16th undertaken since 2005.