Tag Archives: LNG

Phase I of the China – US Trade Agreement Includes Increased Imports into China of LNG, Liquefied Propane and Butane, Caustic Soda and Most Organic and Inorganic Chemicals

During the two-year period from January 1, 2020 through December 31, 2021, China has agreed to increase by $200 billion purchases from the United States of manufactured goods, agriculture, energy and services.

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Global LNG Trade Projected Up 4% in 2019; Huge Shifts in Trade Between Regions

LNG trade is projected to exceed 340 million tons by year end 2019, up 4% from 2018, based on latest available statistics from 90 countries. Major increases in exports from US and Russia are impacting trade flows globally.

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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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