A 14% increase in global LNG trade in 2018, to 318 million tons of imports and exports, is forecast by ITP based on the latest available statistics. This follows an 8% increase in global trade in 2017 versus 2016.
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.
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
After slowing throughout the first quarter, China’s imports of LNG picked up in both April and May.
LNG global trade in 2017 was 280 million tons, up 8%.
The US exported 9.1 million tons of LNG through August 2017, up 358% from the same period in 2016. There were exports to many new markets, plus higher shipments to some of the same markets as in 2016.
The United States exported nearly 7 million tons of liquefied natural gas through June 2017, versus minor volumes in the same period in 2016. Shipments were global, with large volumes to all regions except Africa. As US exports to Western Europe and Latin America increased, shipments from the Middle East and Africa to those regions dropped.