The Case for Natural Gas
IGU 2019 World LNG Report
IGU Releases 2019 World LNG Report as Global Trade Continues to Grow in Both Supply and Demand
Global LNG trade continued to grow in all segments in 2018, and the future looks bright:
* Liquefied Natural Gas (LNG) trade set a record for the fifth consecutive year in 2018, reaching 316.5 million tonnes – a 9.8% increase on 2017
* Natural gas meets almost 25% of the global energy demand, with 10.7% of that supplied as LNG
* US and Australia both ramped up supply of LNG, with China, South Korea and other Asian nations leading demand growth
2019 World LNG Report is an annual, in-depth analysis of the current state of the Global LNG Industry and key insights into LNG industry developments through the end of the calendar year 2018.
The Report also provides key insights on issues addressing world LNG activity going forward.
Global LNG Carriers
There were a total of 525 vessels in the LNG fleet by the end of 2018, including those vessels actively trading, sitting idle available for work, and acting as FSRUs. Of the total global LNG leet, there are 31 FSRUs and five floating storage units. The overall global LNG fleet grew by 11.5% in 2018, as 53 carriers were added to the fleet, including four FSRUs.
The global LNG fleet growth was matched by 26.2 MTPA of new liquefaction capacity in 2018.