Story perspectives

Global LNG Trade Rises Amid Shifting Demand Patterns

5/23/2025

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Summary

Story summary

Global LNG trade rose by 2.4% in 2024, totaling 411.24 million tonnes, with the Asia Pacific leading exports.
European LNG imports dropped by 21.22 million tonnes due to high storage levels and reduced demand.
China and India experienced notable LNG import growth, fueled by heatwaves and expanding infrastructure.
Global liquefaction capacity increased by 6.5 million tonnes, but new investments hit a low since 2020.
Qatar maintained its position as the third-largest LNG exporter, emphasizing emissions-reduction efforts despite a slight export decline.

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Story summary

Global LNG trade rose by 2.4% in 2024, totaling 411.24 million tonnes, with the Asia Pacific leading exports.
European LNG imports dropped by 21.22 million tonnes due to high storage levels and reduced demand.
China and India experienced notable LNG import growth, fueled by heatwaves and expanding infrastructure.
Global liquefaction capacity increased by 6.5 million tonnes, but new investments hit a low since 2020.
Qatar maintained its position as the third-largest LNG exporter, emphasizing emissions-reduction efforts despite a slight export decline.