IGU World LNG Report 2026: Global LNG Hit Record 437 Mt in 2025

The International Gas Union's 2026 World LNG Report shows global LNG trade hit a record high of 436.98 million tonnes (Mt) in 2025, up 6.3%—the strongest growth since 2022—driven by a 25.3 Mt surge in North American exports and Europe's return as the key balancing market. Canada and Mauritania–Senegal became first-time exporters. Investment in new supply reached a six-year high. The LNG fleet grew 8.4% to 804 vessels, with 301 newbuilds on order, keeping freight rates depressed, while bunkering infrastructure expanded. Despite disruptions from the Gulf conflict that damaged infrastructure and the closure of the Strait of Hormuz, the IGU says LNG's long-term demand outlook through 2035 remains intact.

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