Global trade in liquefied natural gas rebounds strongly during 2021.
Trade hits 380 million tonnes, an increase of 21 million tonnes (or 6.0%) compared to 2020.
Gas and LNG prices hit record levels in 2021
China becomes the world's largest LNG importer with LNG imports reaching 79 million tonnes.
2021 2020
US led export growth with an increase of 24 million tonnes.
Asia to lead growth in LNG demand through to 2040.
LNG supply-demand gap expected to emerge in the middle of the current decade.
Term LNG contracts more than double to 48MTPA, from 20MTPA in 2020.
20 MTPA2020
48 MTPA2021
China signs over 20 MTPA in term contracts, prioritising energy security and progressing net-zero emissions ambitions.
In 2021, 88% of global emissions were covered by countries which have net-zero ambitions.
88%In Asia, switching just 20% of coal-fired power to gas can potentially save 680MT of CO2 emissions annually.
Use of gas in a decarbonised world.
Industry Blue Hydrogen Bio Gas + CCUS Feedstock.
Electricity Gas fired power backing up renewables Gas + CCUS.
Buildings Blue Hydrogen Gas + CCUS Hybrid systems.
Transport Blue Hydrogen Biogas LNG + offsets.