January 11, 2024

Global LNG trade reached a new record of just over 400 mtpa in 2022, up 7% from 2021, connecting 20 exporting countries with 46 importing markets.

The increase can be attributed primarily to restricted pipeline flows from Russia following their invasion of the Ukraine.

Increased European demand pushed LNG prices higher to attract cargoes from Asia.

European and East Asian markets are sourcing LNG primarily from the Middle East, Indonesia, Malaysia, Australia, and increasingly from the US.

Approximate Locations (as of Nov 2021); Under construction project with start date before 2026. Not all facilities are operating at capacity due to declining gas production, operational issues, and other factors.