Tag Archives: LNG World Trade Report

LNG Imports into Western Europe Projected Up 75% in 2019 from 2018

Western Europe will import 63 million tons of LNG by year end 2019, based on projections from latest available statistics. Volumes from Eastern Europe and North America are expected to quadruple; supplies from other regions to rise 22 – 36%.

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Eastern European LNG Trade Spikes

There was a significant spike in Eastern European exports of LNG that largely went to Western Europe, and, a pronounced increase in intraregional trade mainly between Russia and Lithuania.

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Slower Growth in Global Trade Projected in 2019 for Liquefied Gases

Latest import/export statistics from all available countries indicate slower growth in global trade volume in 2019 for LNG, liquefied propane gas and liquefied butane gas versus 2018. Because global trade is driven by global demand, the trend in world trade volume generally indicates the trend in world demand.

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China’s LNG Imports Soar to a New Record in November, as Prices Rise

China imported a record 6 million tons of LNG during November 2018, raising the year to date import volume to 47.6 million tons, an increase of 43% from the same period in 2017.

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US Exports of LNG to Rise

If a trade accord between the US and the EU is finalized and the US puts in place more export terminals, LNG exports from the US will rise. Through May 2018, the US exported a total of LNG totaled 9.0 million tons, up 61% from the same period in 2017. Exports have been  climbing since early 2016. Korea, Mexico and China were the top three export destinations to date, with relatively small volumes to the EU. Continue reading