Global LNG trade
China was world’s largest LNG importing country in 2021. In that year, the country imported around 109.5 billion cubic meters of liquefied natural gas. Following China was Japan, with imports amounting to 101.3 billion cubic meters in 2021. At that time, the total global LNG trade volume amounted to 516 billion cubic meters.
Qatar’s natural gas industry
Qatar is a key player in the world supply of natural gas, in fact it has the world’s third largest conventional natural gas reserves. Most of their natural gas is found in the massive offshore North Field, an area that is about the size of Qatar itself. Qatar’s massive natural gas reserves amount to about 24.7 trillion cubic meters in 2020. Natural gas production in Qatar came about to about 177 billion cubic meters in 2021.