Global LNG market

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Definition

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 easily transported by ship over long distances: it facilitates world trade. In 2017, 291.3 million tonnes (Mt) of LNG were trade in the world. Due to strong demand (since the Fukushima nuclear disaster), most LNG has been redirected to Asia. On the contrary, LNG deliveries in Europe dropped by half.

Moreover, both global liquefaction and regasification capacities are constantly increasing. In 2017, global nominal liquefaction capacity stood at 369 Mt while global regasification capacity reached 851 Mt.

 

Sources : GRTgaz, GIIGNL, IGU (2018)