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- A record number of LNG export projects were approved last year. Once commissioned, these will deliver close to 97 billion cubic meters per year of new LNG supply to the market. Future supply growth is expected to be led by the Middle East, but the U.S., Russia and Iran are expected to remain the top-producing countries in the medium and long term.
data.bloomberglp.com/professional/sites/24/BNEF-IGU-Snam-2020-Global-Gas-Report_FINAL.pdf
Global LNG imports 2023, by country. Leading importing countries of liquefied natural gas worldwide in 2023 (in billion cubic meters)
Apr 27, 2020 · – Export growth came from the USA, Russia and Australia, as well as Algeria and Egypt. The US is now the third-largest LNG exporter, behind Qatar and Australia, with Russia in the fourth spot. – Asia Pacific and Asia remain the key centres of demand, and together they accounted for almost 70% of global LNG imports in 2018.
- Executive Summary
- Introduction
- Growth in The International LNG Trade Since 1990
- Major LNG Exporting Countries
- Growth in LNG Liquefaction Capacity
- Opportunities and Challenges For Canada’s LNG Industry
- Conclusion
Energy affordability and security are significant global challenges. Liquefied natural gas (LNG)¹ can play a crucial role in helping the world achieve energy affordability and security. LNG is an increasingly important component of the international natural gas trade, with global trade in LNG reaching US$157 billion annually as of 2021. The global ...
Energy affordability and security are significant global challenges. Liquefied natural gas (LNG)1 can play a crucial role in in helping the world achieve energy affordability and security. LNG is an increasingly important component of the international natural gas trade; in 2021, the value of the global trade in LNG reached US$157 billion annually....
Canada has abundant natural gas resources and is a net exporter of natural gas, with all of its exports going to the United States. Still, growing shale gas production in the U.S. has reduced that country’s demand for Canadian gas (Moore et al., 2014). Consequently, natural gas producers in Canada, as well as those in the U.S., have sought overseas...
Australia, Qatar, and the United States (U.S.) are the world’s top exporters of LNG. In 2020, Australia exported 108,047 Mm3 of LNG (see Figure 4a) and accounted for 22.6 per cent of global LNG exports. It was followed by Qatar (22 per cent) and the U.S. (12 per cent) (see Figure 4b) (B.P. Statistical Review of World Energy database, 2022).
As of 2021, 21 countries were LNG exporters (International Gas Union, 2021). To be competitive in the LNG export market requires a significant investment of capital and time. That is partly because it takes more than ten years on average to complete an LNG terminal from the start of the planning stage to the day that exports begin leaving the termi...
The prospects for growth in the Canadian LNG industry have brightened over the last few months. High natural gas prices and ongoing energy supply disruptions in Europe due to the Russia-Ukraine conflict have created a unique opportunity and challenge for the Canadian energy sector. At the same time, natural gas and LNG are seen as fuels that can be...
The international LNG export trade was valued at US$157 billion annually in 2021. Canada, however, is not currently involved in the global LNG export trade and does not share in any of the LNG trade market. Energy security concerns due to the war in Ukraine, high energy prices, and Asia’s desire to shift away from coal, all provide Canada with an e...
Jul 9, 2021 · In 2020, Australia became the world’s largest LNG exporter for the first time, overtaking Qatar, with exports averaging 10.2 Bcf/d, an increase of 0.3 Bcf/d (3%) compared with 2019. Exports from Qatar declined by 0.1 Bcf/d (1%) compared with 2019.
countries in the medium and long term. China has seen domestic supply rise by a third in the last five years, and could double its production by 2040. Propelled by growth on the supply side, new LNG import terminals are being built in markets like Southeast Asia to ensure gas delivery to the power and industrial sectors, as domestic supply wanes.
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Jun 3, 2021 · Global LNG trade up by 0.4% in 2020, compared with 11.5% in 2019; Australia overtakes Qatar as top LNG exporter; Only one project reached FID in 2020
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What was the global trade in liquefied natural gas (LNG) in 2020?
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Why did LNG demand increase in 2020?
US LNG exports surged by 34% y-o-y despite 170 cargoes being cancelled in 2020, and supplied most of the incremental demand in Northeast Asia between December 2020 and January 2021. Exports increased by between zero and 3% in the three other major exporting countries.
