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Global LNG market

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Description 

This map shows both the natural gas liquefaction and regasification global capacities in different areas of the world.

Analysis

In liquefied form, natural gas can be transported by ship over long distances, facilitating global trade. LNG is currently abundant thanks to significant increases in liquefaction (626 bm3) and regasification

(1303 bm3 ) capacity. Despite the impact of COVID-19 on supply and demand, global LNG trade in 2020 continues its upward trend reaching a total of 491 bm3.

Worldwide, in 2020, the LNG industry counts 20 exporting and 43 importing countries.

Australia is the leading exporter this year with nearly 110 bcm (22%) followed by Qatar (106 bcm) and the United States (62 bcm).

Japan imports represents 20% of the market with nearly 103 bm3 imported, followed by South Korea with 55 bm3.

Sources : GRTgaz, GIIGNL, IGU (2021)

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