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LNG industry worldwide - statistics & facts

Liquefied natural gas (LNG) is natural gas that has been cooled to around minus 162 degrees Celsius in order to ease transportation to consumer markets. When extracted, natural gas contains a mixture of methane, ethane, propane, and butane. The latter two are usually separated and stored at low pressure before being sold as liquified petroleum gas (LPG). LNG on the other hand is predominantly made up of methane and ethane. Treatment includes removing acid gases and components which would impair the liquifying process. Most LNG plants are located close to the sea for export trading via shipping vessels. The liquid is then regasified once it reaches its destination before entering pipeline distribution systems for end-user delivery. The global LNG trade volume reached nearly 500 billion cubic meters in 2020.

LNG export market and largest players

Advancements in hydraulic fracturing processes have made the United States the largest natural gas producer in the world. 2016 was the first year that United States-sourced LNG was sold to consumers overseas. The company responsible, Cheniere Energy, has seen an incredible surge in sales volume since and grown to become the third largest LNG exporting company, with a storage capacity of 34 million metric tons per annum. It is one of the smaller players in the market as the industry is largely dominated by oil and gas supermajors and state-owned giants such as Qatar Petroleum. Qatar and Australia account for the greatest LNG export market share.

Main importers and landed prices

The countries most reliant on LNG imports are those where their remote location make pipeline connections unfeasible. For many years, Japan and South Korea have been among the major LNG importing countries, while China's growth in import volumes has been more recent. The landed price of LNG in South Korea was 6.35 U.S. dollars per million British thermal units in March 2021, the highest in the world.

Key figures

The most important key figures provide you with a compact summary of the topic of "Global LNG industry" and take you straight to the corresponding statistics.

Liquefaction & regasification

Trade

Interesting statistics

In the following 4 chapters, you will quickly find the 23 most important statistics relating to "Global LNG industry".

Global LNG industry

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LNG industry worldwide - statistics & facts

Liquefied natural gas (LNG) is natural gas that has been cooled to around minus 162 degrees Celsius in order to ease transportation to consumer markets. When extracted, natural gas contains a mixture of methane, ethane, propane, and butane. The latter two are usually separated and stored at low pressure before being sold as liquified petroleum gas (LPG). LNG on the other hand is predominantly made up of methane and ethane. Treatment includes removing acid gases and components which would impair the liquifying process. Most LNG plants are located close to the sea for export trading via shipping vessels. The liquid is then regasified once it reaches its destination before entering pipeline distribution systems for end-user delivery. The global LNG trade volume reached nearly 500 billion cubic meters in 2020.

LNG export market and largest players

Advancements in hydraulic fracturing processes have made the United States the largest natural gas producer in the world. 2016 was the first year that United States-sourced LNG was sold to consumers overseas. The company responsible, Cheniere Energy, has seen an incredible surge in sales volume since and grown to become the third largest LNG exporting company, with a storage capacity of 34 million metric tons per annum. It is one of the smaller players in the market as the industry is largely dominated by oil and gas supermajors and state-owned giants such as Qatar Petroleum. Qatar and Australia account for the greatest LNG export market share.

Main importers and landed prices

The countries most reliant on LNG imports are those where their remote location make pipeline connections unfeasible. For many years, Japan and South Korea have been among the major LNG importing countries, while China's growth in import volumes has been more recent. The landed price of LNG in South Korea was 6.35 U.S. dollars per million British thermal units in March 2021, the highest in the world.

Interesting statistics

In the following 4 chapters, you will quickly find the 23 most important statistics relating to "Global LNG industry".

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