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The Global LNG Outlook provides a view on all the LNG supply and demand markets around the world, with a focus on Asia and Europe.
Jun 26, 2024 · The global LNG market now connects 20 exporting with 51 importing markets, while supply is currently the primary limiting factor on growth. After two years of severe turbulence, the LNG market has a newfound but fragile equilibrium, given lack of spare supply in the near-term.
buildout of export capacity. IEEFA anticipates that nameplate LNG liquefaction capacity from projects that have already begun construction, or that are approved by financially capable backers, could add 193 million metric tons per year (MTPA) of new supply capacity from 2024 through 2028—a.
May 17, 2024 · The IEA has stated that due to the tight supply expected in 2024, there will be a limited increase in global LNG output, which will restrain demand growth, particularly in Europe and the mature markets of Asia. This year, LNG supplies are projected to grow by 3.5%, a significant drop from the 8% growth rate between 2016–20.
The global liquefied natural gas market size was valued at USD 122.60 billion in 2024 and is expected to grow at a CAGR of 11.6% from 2025 to 2030. The growing demand for electric power through clean energy sources is likely to propel market growth over the coming years.
- The global LNG market size was estimated at USD 109.48 billion in 2021 and is expected to reach USD 112.0 billion in 2022. Read More
- The global LNG market is expected to witness a compound annual growth rate of 8.1% from 2022 to 2030 to reach USD 208.85 billion by 2030. Read More
- Asia Pacific LNG market conquered the global demand accounting for the majority of the revenue share in 2021 and is projected to be the fastest-gro...
- Some key players operating in the LNG market include TBritish Petroleum (BP) p.l.c., Chevron Corporation, China Petroleum & Chemical Corporation, E...
- The global LNG market is expected to register substantial growth owing to the rapid growth of electric power through clean energy sources and incre...
Aug 12, 2024 · The report finds that global LNG trade grew by 2.1% in 2023, surpassing 401 million tonnes. The global market now connects 20 exporting with 51 importing markets, with supply the primary...
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The five projects will boost global LNG production capacity by just 3% over two years, from roughly 456 mtpa to 471 mtpa—the slowest pace of global LNG supply growth since 2014. The near-term slowdown in new LNG supply stems primarily from the worldwide LNG market downturn in 2019 and 2020.
