The International Group of Liquefied Natural Gas Importers (GIIGNL) issued its 2017 Annual Report today and a number of statistics grabbed my attention…
- Imports: 263.6 million tons of LNG were imported in 2016 (a 7.5% increase vs. 2015); 39 total LNG importing countries; 4 new importing countries and 11 new LNG regasification terminals; 73% of global LNG demand in Asia; 830 million tons per annum (mtpa) total regasification capacity.
- Exports: 19 LNG exporting countries in 2016; 340 mtpa in nameplate liquefaction capacity; 30% of global LNG volumes supplied by Qatar; 45% of global volumes from the Pacific Basin.
- Trade: Most global LNG still trades under long-term contracts; however, 74.6 million tons were traded on a spot or short-term basis in 2016 (28% of total trade).
In 2016, global LNG trade recorded a growth rate of around 7.5% compared to 2015, returning to a robust pace experienced before 2011. — Jean-Marie Dauger, GIIGNL President