Global gas markets review – January 2024

In December 2023, global LNG imports increased by 2.8% yoy (1.07 Mt), setting a new record at 38.71 Mt. The surge in global LNG imports was primarily propelled by the Asia Pacific region, compensating for weaker imports in other regions, notably Europe. Compared to November 2023, the increase in global LNG imports in December was 23% (3.42 Mt), driven primarily by the Asia Pacific region and, to a lesser extent, Europe. In December 2023, the Asia Pacific region experienced a notable 15% y-o-y increase (3.53 Mt), reaching a historic peak of 26.67 Mt in LNG imports. The primary contributors to […]