![]() Emerging economies, especially in Asia, are experiencing rapid industrialization and urbanization, driving higher energy consumption and increasing demand for LNG.īy Trade: LNG imports saw significant growth in Europe in 2022, with global LNG trade connecting 20 exporting markets with 48 importing markets. The demand for cleaner energy sources, particularly in Asia, is further boosting LNG supply.īy Demand: LNG demand is rising as the maritime industry adopts LNG as a cleaner alternative to traditional marine fuels. LNG demand is projected to grow at a compound annual growth rate (CAGR) of 3.72% from 2023 to 2028.īy Supply: The global LNG supply is poised to increase in the coming years due to the development of new LNG export facilities, advances in liquefaction technology, rising natural gas production, and expanding LNG trade networks. As a result, the global LNG market has been on an upward trajectory, and this trend is expected to continue. Anticipated new projects are expected to come online starting in mid-2025, while liquefaction operators and investors are accelerating capacity expansion plans and project FIDs (Final Investment Decisions). The expansion of LNG import infrastructure, including regasification terminals and distribution networks, has facilitated global access to LNG. LNG, derived from natural gas, plays a vital role in the global energy landscape, offering a cleaner alternative to traditional fossil fuels for power generation, heating, and transportation, while also providing access to natural gas resources worldwide.Įnvironmental concerns and emissions reduction targets have driven many countries to transition from coal and oil to LNG for power generation and heating. The global liquefied natural gas (LNG) market witnessed substantial growth in 2022, with LNG supply reaching 414.52 million tonnes per annum, and LNG trade reaching 405.49 million tonnes per annum. ![]() 02, 2023 (GLOBE NEWSWIRE) - The "Global LNG Market: Analysis by Demand, Supply, Trade, Import, Export, and Region - Size, Trends and Forecast up to 2028" report has been added to 's offering.
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