LNG Revolution: Transforming Global Energy Dynamics, Trends, and Future Prospects

As of April 2023, LNG trade now connects 20 exporting markets with 48 importing markets. Some of the recent joiners to the industry include Germany, El Salvador and the Philippines, which over the course of the last year made their first imports. In 2022 there was a significant decoupling of LNG cargo benchmarks and gas hub prices. The JKM (Japan Korea Marker) LNG was at a discount to Europe’s main gas hub (TTM), for approximately 85% of the period between February 2022 and January 2023.