The International Group of Liquefied Natural Gas Importers (GIIGNL) published its 2024 Annual Report which compiles the key figures and trends of the LNG market in 2023. Key statistics:

• Net LNG imports reached 401 mt, 2.1% growth, a slowdown from the 5.6% increase in 2022.
• Spot LNG trades totaled 141 mt, representing 35% of LNG imports.
• This growth was driven by Asia and the Americas whereas Europe’s demand remained stable.
• The United States became the top LNG exporter with 84.5 mtpa.
• Regasification capacity got to 1,143 mtpa with 17 new regasification terminals in 2023.
• Liquefaction capacity reached 481 mtpa.
• Four final investment decisions (FIDs) were taken in 2023 for a total of 38 mtpa.
• There were 772 LNG vessels at the end of 2023 (+41).

Link to Full Report

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