Global LNG trade: the structure of LNG imports remained unchained in 2023

Global LNG demand reached a new high in 2023, totalling 395.2 mt, reflecting a 2% increase or an additional 7.3 mt compared to 2022. After a significant market reconfiguration in 2022, during which an unprecedented surge in LNG demand from Europe propelled the region’s share in total LNG imports from 20% to over 30% at the expense of Asia, the structure of global LNG imports in 2023 remained largely unchanged. Throughout 2023, Asia slightly increased its share, accounting for 65% of the total global demand, while the European share remained stable at 30%. Source: Cedigaz

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