ShareLNG supply grows faster than any other source of gas
LNG trade reached 241.1 MT in 2014, a 4.3 MT increase over 2013 levels.
During the 26th World Gas Conference (WGCPARIS2015) held in Paris, on June 1 to 5, emphasis was placed on LNG. Data provided by the new IGU “World LNG Report” during the “LNG a key factor” session illustrate the growing LNG positioning.
Natural gas accounts for around 1/4 of global energy demand, 10% of which is supplied in the form of LNG. This compares to just 4% in 1990. LNG supply has grown faster than any other source of gas – at an average 7% per year since 2000 – and is poised to expand its share of the gas market by 2020.
LNG trade reached 241.1 MT in 2014, a 4.3 MT increase over 2013 levels.
The number of LNG exporters increased from 17 in 2012 to 19 in 2014 with the addition of Angola and Papua New Guinea (PNG). For the ninth year in a row, Qatar remained the largest LNG exporter, providing 76.8 MT to the market or approximately one -third of global supply, followed by Malaysaia (25.1 MT) and Australia (23.3 MT). However, Australia is likely to become the world’s largest exporter, adding 58 MTPA (million tonnes per annum) by 2018.
Four new countries – Israel, Lithuania, Malaysia and Singapore – began importing LNG between 2012 and 2014, bringing the total number of international importers to 29.
This is set to rise to 33 in 2015 with new regasification terminals in Jordan, Egypt, Pakistan and Poland further diversifying the geographic spread of LNG importing countries. Japan is the largest importer in the world (88.9 MT), followed by South Korea (38 MT), China (20 MT).
Natural gas accounts for around 1/4 of global energy demand, 10% of which is supplied in the form of LNG. This compares to just 4% in 1990. LNG supply has grown faster than any other source of gas – at an average 7% per year since 2000 – and is poised to expand its share of the gas market by 2020.
LNG trade reached 241.1 MT in 2014, a 4.3 MT increase over 2013 levels.
The number of LNG exporters increased from 17 in 2012 to 19 in 2014 with the addition of Angola and Papua New Guinea (PNG). For the ninth year in a row, Qatar remained the largest LNG exporter, providing 76.8 MT to the market or approximately one -third of global supply, followed by Malaysaia (25.1 MT) and Australia (23.3 MT). However, Australia is likely to become the world’s largest exporter, adding 58 MTPA (million tonnes per annum) by 2018.
Four new countries – Israel, Lithuania, Malaysia and Singapore – began importing LNG between 2012 and 2014, bringing the total number of international importers to 29.
This is set to rise to 33 in 2015 with new regasification terminals in Jordan, Egypt, Pakistan and Poland further diversifying the geographic spread of LNG importing countries. Japan is the largest importer in the world (88.9 MT), followed by South Korea (38 MT), China (20 MT).