Commodities Buzz: Global LNG Trade In Natural Gas Up By 4.5% In 2021

12 Jul 2022 , 12:57 PM

The US Energy Information Administration or EIA noted in a latest update that an average of 49.0 billion cubic feet per day (Bcf/d) of liquefied natural gas (LNG) was traded globally during 2021, an increase of 2.2 Bcf/d (4.5%) from 2020, according to The LNG Industry GIIGNL Annual Report 2022 by the International Group of Liquefied Natural Gas Importers (GIIGNL). New LNG export capacity, primarily in the United States, and rising global demand for natural gas drove continued growth in global LNG trade last year. Global LNG export capacity has increased by 29%, or 14.0 Bcf/d, over the past five years (2017-21). The growth was led primarily by capacity additions of 9.6 Bcf/d in the United States, 2.2 Bcf/d in Australia, and 1.7 Bcf/d in Russia.Powered by Commodity Insights