What is LNG?
Country aggregates for OECD Total, OECD Americas, OECD Asia Oceania, OECD Europe, IEA and regional totals are included.
While it resumed gas exports, Egypt's LNG imports decreased by 4.2 Bcm. "We expect to see less cancellations in September and October, because even if prices are low, a price contango will pay for floating a cargo and delivering it at a higher price in winter," said Trevor Sikorski, head of natural gas and carbon research at consultancy Energy Aspects.By doing so, you and %USER_NAME% will not be able to seeany of each other's Investing.com's posts.Graphic: U.S. LNG cargo destinations - https://fingfx.thomsonreuters.com/gfx/ce/jznvnkkwnpl/U.S.%20cargo%20destinations.PNG"What we saw in the first half of the year...was primarily the result of newly expanded terminal capacity and low prices, wherein a spread still existed to Europe and Asia from the Gulf (of Mexico)," said Jack Weixel, Senior Director for gas, power and energy futures at IHS Markit.Are you sure you want to block %USER_NAME%?The dip in U.S. exports is expected to continue next month, with July and August cancellations yet to be reflected in deliveries.Over 21 million tonnes per year of U.S. LNG capacity was added in 2019 and more than 16 million tonnes in 2020, contributing heavily to a global gas glut.However, although exports have been dropping throughout 2020 and individual projects have been impacted by rejections, U.S. exports and deliveries to Asia and Europe remain much higher than a year ago.Graphic: New LNG production capacity added in 2019 and 2020 - https://fingfx.thomsonreuters.com/gfx/ce/xklpyddaevg/New%20%20capacity.PNGThe summer dip has impacted U.S. deliveries to Latin America, but exports to Asia in June and July were 67% above last year's level and supply to Europe fell by just one cargo.Xi Nan, vice president, gas and power markets at Rystad Energy, said he expects the U.S. to produce 55 million tonnes of LNG in 2020, a 53% increase from 2019.Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.
Similar to the trend observed since 2017, this increase in trade is coming exclusively from the development of LNG imports, with increments of 19.4 Bcm and 46.2 Bcm in 2019 for non-OECD countries and OECD countries respectively. Over 21 million tonnes per year of U.S. LNG capacity was added in 2019 and more than 16 million tonnes in 2020, contributing heavily to a global gas glut. Following are top 7 Liquified Natural Gas (LNG) export countries in 2020. This boost was driven by the OECD Americas region for the second consecutive year, as the United States remains the largest natural gas producer, with an increment of 88.3 Bcm (+10.2%) in 2019.Thank you for subscribing. France is the leading re-exporter of LNG in Europe.
For the second consecutive year, the highest increase in LNG imported volumes was experienced in China with 11.8 Bcm more than in 2018, followed by the United Kingdom where an additional 11.3 Bcm were shipped in 2019.Similarly, demand for natural gas in non-OECD countries grew 1.1%, which represents an increase of 23.4 Bcm. The export of liquefied natural gas (LNG) is one of the most promising economic and foreign policy opportunities of the shale revolution. Conversely, Africa and the Middle East experienced a decrease.
Volumes of LNG accounted for 38.1% of the exchanges of natural gas in 2019, while they stood at 34.3% in 2018.In terms of import origins, Qatar and Australia remain the first two LNG providers to OECD countries with respectively 59.1 Bcm and 51.2 Bcm of LNG exported in 2019. Natural Gas Information is one of a series of annual IEA statistical publications on major energy sources; other reports are Coal Information, Electricity Information, Oil Information and Renewables Information.In 2019 global production of natural gas hit a new high, breaking the 4 Tcm threshold for the first time with 4 088 Bcm produced, +3.3% compared to 2018.Global imports reached the 1.2 Tcm mark in 2019, with 55.5 Bcm more of natural gas traded than in 2018. ... output in the past year has protected the country's status as the world's third ... New LNG production capacity added in 2019 … Statistics for the World include data on production, total imports and exports and gross inland consumption. Import and export data are reported by source and destination. Australia exported more LNG than Qatar in November 2018 and April 2019. Russia is next, totalling 26.1 Bcm of LNG exports in 2019.Those variations brought the three prices closer than before and they are now within a band of 2.22 USD/MMBtu, the smallest of the decade.Keep up to date with our latest news and analysis by subscribing to our regular newsletterAt the OECD level, natural gas demand was boosted by 1.9% in 2019, 34.5 Bcm more than in 2018.