IGU’s 2022 World LNG Report: US LNG Exports Grew 50% Last Year

It has been a wild ride for LNG over the past few years. From record low prices for LNG to record high prices. From not being able to give it away to not being able to produce enough. Earlier this month, the International Gas Union (IGU) released its 13th annual 2022 World LNG Report--the world’s most comprehensive public source of information on key developments and trends in the LNG sector (full copy below). Global LNG trade grew by 4.5% last year, reaching an all-time high of 372.3 MT. A strong post-pandemic recovery resulted in a surge in LNG imports, even though the annual growth rate of 4.5% remains far from pre-COVID-19 levels of 13.0% in 2019. We suspect this year's growth rate (which will be reflected in next year's report) may swing back to pre-COVID levels.

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