Gas trade expanded by 63 bcm, or 6.2%, with growth in liquified natural gas LNG outpacing growth in pipeline trade
The increase in gas exports was driven largely by Australian and US LNG (up by 17 and 13 bcm respectively), and Russian pipeline exports (15 bcm).
LNG increased by over 10% in 2017, its strongest growth since 2010, aided by the start-up of new LNG trains in Australia and the US. China’s increased need for LNG accounted for almost half of the global expansion, with China overtaking Korea to be the world’s second largest importer of LNG after Japan.
Natural gas trade movements 2017 – trade flows worldwide (billion cubic metres)
Trade flows are on a contractual basis and may not correspond to physical gas flows in all cases. The data illustrates the flow of pipeline natural gas and LNG between sources of production and the regions of consumption. Natural gas trade is shown in billion cubic metres (bcm).
Includes data from FGE MENAgas service, IHS.