2020 World LNG Report

April 27, 2020

This 11th annual Global LNG Report features key global LNG industry updates, right across its value chain, demonstrating yet another strong year of growth for this crucial segment of the natural gas sector. LNG continues to enhance global energy security and increase the flexibility of access to abundant global gas supplies.

 

- In its sixth consecutive year of growth, the LNG trade increased by 13% to a total of 354.7 MT.

- FSRU continues to be an exciting and growing segment, improving access to modern energy and energy security worldwide. Of the 37 existing LNG import markets as of February 2020, 19 imported LNG with FSRUs, and six of those had onshore terminals as well.

- Export growth came from the USA, Russia and Australia, as well as Algeria and Egypt. The US is now the third-largest LNG exporter, behind Qatar and Australia, with Russia in the fourth spot.

- Asia Pacific and Asia remain the key centres of demand, and together they accounted for almost 70% of global LNG imports in 2018.

- 2019 was another record year of low prices, driven by increasing natural gas production, the commissioning of new export infrastructure and limited demand response from Asian markets.