Global LNG imports up by 1.9% with Asia Pacific leading the charge

In October 2023, global LNG imports grew by 1.9% YoY to 32 Mt, with Asia Pacific leading the charge at 5% YoY growth to 21 Mt. Europe faced its fourth consecutive YoY decline due to high gas storage levels, reduced gas consumption and significant price premium of spot LNG prices in Asia Pacific over TTF month-ahead price. Global LNG exports surged by 3% YoY to 35 Mt, the highest monthly volume since April 2023. Algeria, Nigeria, Mozambique, UAE, and the US drove this export boom. Source: GECF A video accompanying the report is available for viewing here