Growing global LNG market stays tight amid supply constraints

According to the latest IGU report, global LNG trade grew by 2.1% in 2023, surpassing the 401 MT mark. The traded LNG market now consists of 20 exporting & 51 importing markets. Supply remained constrained, with just 0.8% YOY growth, however, global liquefaction capacity is likely to grow to over 700 MTPA by 2030 Source: IGU