LNG trade dynamics and market risks

Global LNG trade soared to a record high in 2022 and will increase by a further 25% by 2028, reaching 500 mtpa. China emerges as the world’s largest LNG importer in 2023, ahead of Japan for the first time. Escalation of war in the Middle East could threaten the Strait of Hormuz and 23% of global LNG flows. Source: International Energy Forum and SynMax
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