Review of recent events in the global LNG market

Preliminary figures suggest that the world traded 399 million tonnes of LNG by ocean transportation in 2023, up 1.7% year-on-year. While Japan, the top importer in 2022, registered a decrease of LNG for the third consecutive year, China returned to growth. According to the country’s customs authority, China imported 71.32 million tonnes of LNG in 2023, up 12.6% year-on-year, but still 11.65% less than the country’s historical high in 2021.