IGU World LNG Report: LNG trade grew by 2.4% in 2024
The International Gas Union (IGU) has published its World LNG Report for 2025, finding that LNG trade grew by 2.4% in 2024 to 411.24 million tonnes (MT), connecting 22 exporting markets with 48 importing markets.
According to IGU, the 9.82 MT increase in 2024 LNG trade was largely driven by rising output from the United States (+3.89 MT), Russia (+2.16 MT), Indonesia (+2.02 MT), Australia (+1.48 MT), and Trinidad and Tobago (+1.38 MT). On the import side, volumes shifted to China (+7.45 MT), India (+4.19 MT), Egypt (+2.65 MT), Brazil (+2.28 MT), and South Korea (+1.84 MT). Supporting the continued growth of the LNG industry, global liquefaction capacity rose to 494.4 MTPA at the end of 2024 from 488.0 MTPA a year ear
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