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Global LNG trade expands but obstacles remain

Global LNG imports reached 401 million tons in 2023, up by 2.1 percent compared with the previous year. However, the outlook is not completely clear, and potential obstacles still lurk beneath the surface. Market conditions remain volatile and could quickly tighten. Global regasification capacity reached 1,143 MTPA, with 17 new terminals adding 68 MTPA of capacity. Asia led the capacity growth with new terminals in China and India. Europe enhanced capacity with new FSRU-based terminals in Germany, France, Finland, Italy, and Türkiye. In the Americas, new facilities in Brazil highlighted the responsive expansion strategy

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