The United States has the greatest LNG export capacity of any country worldwide. As of September 2024, U.S. terminals for liquefied natural gas exports had a combined capacity of 92.9 million metric tons per year. In 2023, the United States was the largest LNG exporting country, followed by Qatar and Australia. The U.S. took the top spot due to an increase in shipments to Europe in 2023. LNG trading on the rise Since 1970, the global LNG trade volume has increased by over 500 billion cubic meters. Countries in East Asia, such as Japan and China, have historically been among the main LNG importing countries. The future of LNG By cooling natural gas to -260 degrees Fahrenheit/-162 degrees Celsius, the volume is reduced by a factor of 600, guaranteeing easier transport and storage. Some industry groups have promoted LNG as aiding in decarbonization targets as natural gas has a lower carbon intensity than coal, although emission levels are still significant. LNG trading allows gas to be shipped to countries without pipeline infrastructure and thus diversifies the energy market. The United States is expected to add more than 300 million metric tons of annual LNG export capacity in the future.

As of 2023, the United States was the biggest producer of natural gas in the world. With a production of approximately ************* cubic meters that year, U.S. natural gas production was over *********** cubic meters more than the second biggest producer - Russia. These two nations are by far the biggest contributors to natural gas production on the planet. In 2021, global natural gas production reached a peak of ************* cubic meters. Global natural gas reserves Global proved natural gas reserves totaled nearly seven quadrillion cubic feet in 2020. The Middle East and the Commonwealth of Independent States are home to the largest regional natural gas reserves. The country with the largest proved natural gas reserves is Russia, which holds ************* cubic meters in 2020. In the previous year, Russia’s state-owned energy group Gazprom held a **** percent share of global natural gas. Natural gas trade In addition to having the largest natural gas reserves, Russia is also the world’s leading gas exporting country. The majority of Russia’s gas exports are via pipelines, and in 2021 it exported approximately *********** cubic meters through this method. In comparison, Qatar is the third largest natural gas exporter, but is the leading LNG exporting country.

The world’s largest exporter of liquefied natural gas (LNG) in 2022 was the United States, with an export volume of ***** billion cubic meters. At that time, Qatar ranked second. LNG is natural gas that been made into a liquid by cooling to -260 degrees Fahrenheit/-162 degrees Celsius for shipping and storage purposes. LNG emerged in the 19th century so that it would be possible to transport natural gas through pipelines. Global LNG trade China was the world’s largest LNG importing country in 2023. In that year, the country imported around **** billion cubic meters of liquefied natural gas. Following China was Japan, with imports amounting to **** billion cubic meters in 2022. In 2022, the total global LNG trade volume amounted to *** billion cubic meters. Qatar’s natural gas industry Qatar is a key player in the world supply of natural gas, in fact, it has the world’s third largest conventional natural gas reserves. Most of their natural gas is found in the massive offshore North Field, an area that is about the size of Qatar itself. Qatar’s massive natural gas reserves amount to about ***** trillion cubic meters in 2023. Natural gas production in Qatar came about to about *** billion cubic meters in 2023.

The average for 2023 based on 189 countries was 0.802 quadrillion Btu. The highest value was in the USA: 39.164 quadrillion Btu and the lowest value was in Antigua and Barbuda: 0 quadrillion Btu. The indicator is available from 1980 to 2023. Below is a chart for all countries where data are available.

The average for 2021 based on 181 countries was 0.81 percent. The highest value was in Brunei: 13.86 percent and the lowest value was in Afghanistan: 0 percent. The indicator is available from 1970 to 2021. Below is a chart for all countries where data are available.

In 2023, the United States was the largest natural gas producer worldwide, followed by Russia. That year, natural gas production in the United Arab Emirates amounted to two exajoules. The natural gas industry is expected to expand worldwide in the following years. Natural gas has been touted as an energy source that can potentially help reduce greenhouse gas emissions in the energy industry.

Liquefied Natural Gas (LNG) Production: Chongqing data was reported at 111.000 Ton th in Mar 2025. This records an increase from the previous number of 102.000 Ton th for Dec 2024. Liquefied Natural Gas (LNG) Production: Chongqing data is updated monthly, averaging 46.000 Ton th from Mar 2018 (Median) to Mar 2025, with 71 observations. The data reached an all-time high of 111.000 Ton th in Mar 2025 and a record low of 0.000 Ton th in May 2018. Liquefied Natural Gas (LNG) Production: Chongqing data remains active status in CEIC and is reported by National Bureau of Statistics. The data is categorized under China Premium Database’s Energy Sector – Table CN.RBA: Energy Production: Liquefied Natural Gas (LNG).

The average for 2023 based on 43 countries was 0.722 quadrillion Btu. The highest value was in Russia: 23.271 quadrillion Btu and the lowest value was in Belgium: 0 quadrillion Btu. The indicator is available from 1980 to 2023. Below is a chart for all countries where data are available.

The United States is the world's largest exporter of liquefied natural gas at ** percent, Australia and Qatar followed in second and third place, with ** and ** percent respectively. In a distant fourth place came Russia, with a share of ***** percent of liquefied gas exports.

Liquefied Natural Gas (LNG) Production: YoY: Jiangsu data was reported at -76.800 % in Dec 2022. This records a decrease from the previous number of -68.700 % for Nov 2022. Liquefied Natural Gas (LNG) Production: YoY: Jiangsu data is updated monthly, averaging -1.650 % from Mar 2013 (Median) to Dec 2022, with 52 observations. The data reached an all-time high of 221.000 % in Nov 2018 and a record low of -100.000 % in Oct 2015. Liquefied Natural Gas (LNG) Production: YoY: Jiangsu data remains active status in CEIC and is reported by National Bureau of Statistics. The data is categorized under China Premium Database’s Energy Sector – Table CN.RBA: Energy Production: Liquefied Natural Gas (LNG).

Liquefied Natural Gas Market Outlook

The global liquefied natural gas (LNG) market size was valued at USD 200 billion in 2023 and is projected to reach USD 310 billion by 2032, registering a compound annual growth rate (CAGR) of 5.2% during the forecast period. The growth of the LNG market is primarily driven by the increasing demand for cleaner fuel alternatives, advancements in liquefaction and regasification technologies, and significant investments in LNG infrastructure.

One of the primary growth factors for the LNG market is the global shift towards cleaner energy sources. Countries worldwide are adopting stringent environmental regulations aimed at reducing greenhouse gas emissions, which has led to an increased preference for LNG over traditional fossil fuels. LNG, being a cleaner energy source, produces significantly lower carbon dioxide and sulfur emissions compared to coal and oil, making it an attractive option for power generation and industrial applications.

Technological advancements in the liquefaction and regasification processes have significantly enhanced the efficiency and cost-effectiveness of LNG production and distribution. Innovations such as floating liquefied natural gas (FLNG) facilities and advancements in cryogenic storage technologies have reduced the overall costs associated with LNG production. These technological developments have made LNG a more competitive and viable energy option, further boosting the market growth.

The significant investments and expansion projects in LNG infrastructure are also instrumental in driving market growth. Major energy companies and governments are investing heavily in the construction of LNG terminals, storage facilities, and transportation networks. These infrastructure developments are crucial for ensuring a steady supply of LNG to meet the growing global demand. Additionally, the rising use of LNG in the transportation sector, particularly in marine and heavy-duty vehicles, is contributing to the market expansion.

From a regional perspective, the Asia Pacific region is expected to dominate the LNG market during the forecast period. The region's rapid industrialization, urbanization, and increasing energy consumption are major factors driving the demand for LNG. Countries like China, India, and Japan are leading importers of LNG, and their ongoing infrastructure projects and government initiatives to promote cleaner energy are likely to propel the market growth further. Moreover, North America, with its abundant natural gas reserves and advanced extraction technologies, is emerging as a significant LNG exporter, contributing to the regional market dynamics.

Application Analysis

The application segment of the LNG market is categorized into transportation, power generation, mining & industrial, and others. Each of these segments plays a critical role in the overall market dynamics, driven by unique demand factors and growth prospects. In the transportation sector, LNG is increasingly being adopted as an alternative fuel for ships, trucks, and trains due to its lower emissions and cost-effectiveness compared to conventional fuels like diesel and heavy fuel oil. The International Maritime Organization's regulations on sulfur emissions are pushing the maritime industry towards cleaner fuels, making LNG a preferred choice.

Power generation is another significant application segment where LNG is gaining traction. The transition from coal-fired power plants to gas-fired plants is a major trend observed globally. LNG's ability to provide a cleaner and more efficient source of energy for electricity generation is driving its adoption in this segment. Countries are investing in LNG-based power plants to meet their increasing energy demands while adhering to environmental regulations aimed at reducing carbon footprints.

In the mining and industrial sectors, LNG is used as a fuel for various operations. Industries such as chemical manufacturing, metal processing, and food production require substantial energy inputs. LNG provides a reliable and cleaner energy source for these industries, helping them reduce operational costs and environmental impact. The mining sector, in particular, benefits from LNG's ability to power heavy machinery and equipment in remote locations where access to traditional energy sources may be limited.

Other applications of LNG include its use in residential and commercial heating. As natural gas is piped into homes and businesses for heating and cooking purposes, the role of LNG

Global Total Support on Natural Gas for Fossil Fuel Production Share by Country (Million US Dollars, Constant = 2020), 2023 Discover more data with ReportLinker!

Key information about Libya Natural Gas Production: OPEC: Marketed Production

• Libya Natural Gas Production: OPEC: Marketed Production was reported at 11,750.000 Cub m mn in Dec 2023
• This records a decrease from the previous number of 12,570.000 Cub m mn for Dec 2022
• Libya Natural Gas Production: OPEC: Marketed Production data is updated yearly, averaging 6,040.000 Cub m mn from Dec 1960 to 2023, with 64 observations
• The data reached an all-time high of 26,830.000 Cub m mn in 2019 and a record low of 0.000 Cub m mn in 1969
• Libya Natural Gas Production: OPEC: Marketed Production data remains active status in CEIC and is reported by Organization of the Petroleum Exporting Countries
• The data is categorized under World Trend Plus’s Association: Energy Sector – Table RB.OPEC.NG: Natural Gas Production: Marketed Production

Global Total Support on Natural Gas for Fossil Fuel Production by Country, 2023 Discover more data with ReportLinker!

LNG Market Outlook

The global Liquefied Natural Gas (LNG) market size was valued at approximately USD 150 billion in 2023 and is projected to reach nearly USD 250 billion by 2032, registering a CAGR of around 5.8% during the forecast period. The market growth is primarily driven by the increasing demand for cleaner energy sources, as nations worldwide strive to reduce their carbon footprints and adhere to stringent environmental regulations. LNG offers a more sustainable alternative to traditional fossil fuels, making it a preferred choice for energy production and consumption across various sectors.

One of the significant growth factors for the LNG market is the rising global energy demand, driven by rapid urbanization, industrialization, and population growth. As economies expand, the need for reliable and efficient energy sources becomes paramount. LNG's versatility and environmental benefits make it an attractive option for meeting this growing demand. Additionally, technological advancements in LNG infrastructure, such as more efficient liquefaction and regasification facilities, have further bolstered the market's growth by improving the supply chain efficiency and reducing operational costs.

Furthermore, the global shift towards cleaner energy solutions has amplified the importance of LNG as a transitional fuel. As countries aim to meet the goals set by international climate agreements, there is an increasing emphasis on reducing greenhouse gas emissions. LNG, with its lower carbon emissions compared to coal and oil, plays a crucial role in the energy transition journey, providing a bridge towards renewable energy sources. This transition is supported by government initiatives and investments in LNG infrastructure, further accelerating market growth.

The rise in cross-border LNG trade is another key factor contributing to the market's expansion. As nations strive to enhance their energy security, they increasingly rely on LNG imports to diversify their energy sources. This has led to the development of extensive LNG export and import infrastructure, facilitating global trade. The strategic partnerships and long-term supply contracts between exporting and importing countries have further stabilized the market, providing a robust platform for sustained growth over the forecast period.

Liquefied Natural Gas (LNG) has gained prominence as a pivotal component in the global energy landscape, offering a cleaner and more efficient alternative to traditional fossil fuels. Its role as a transitional fuel is particularly significant in the context of global efforts to combat climate change and reduce greenhouse gas emissions. As countries strive to meet their international climate commitments, LNG provides a viable pathway towards achieving a lower-carbon energy mix. The flexibility and scalability of LNG infrastructure, including both liquefaction and regasification facilities, enable its adoption across diverse geographical regions and market segments, further enhancing its appeal as a sustainable energy solution.

Regionally, the Asia Pacific is a major player in the LNG market, driven by the substantial energy needs of countries like China, India, and Japan. These nations are investing heavily in LNG infrastructure to secure a stable energy supply and reduce their reliance on coal. Additionally, North America is a significant contributor to the market, with the United States emerging as a leading LNG exporter due to its abundant natural gas reserves and advancements in extraction technologies. The Middle East & Africa region also shows promising growth potential, owing to the increasing adoption of LNG as a cleaner energy source.

Type Analysis

The LNG market by type is divided into two primary categories: liquefaction terminals and regasification terminals. Liquefaction terminals play a vital role in the LNG supply chain as they are responsible for converting natural gas into liquid form, which facilitates ease of transport and storage. Over the years, there has been significant investment in these terminals, driven by technological advancements that enhance their efficiency and reduce costs. The growing demand for LNG has spurred the construction of new liquefaction facilities, particularly in North America and Australia, two of the leading LNG exporters globally. These terminals are designed to meet the increased global demand for cleaner energy, supporting the transition towards a lower-carbon energy mix.

Algeria recorded the largest natural gas production in Africa as of 2023, reaching an output of over *** billion standard cubic meters. Egypt and Nigeria followed as main producers: Each country registered an output of nearly ** billion and ** billion cubic meters, respectively. That same year, the natural gas output on the African continent totaled over *** billion cubic meters, a volume that increased by over ** percent in the previous two decades. The rise of new players Africa houses roughly *** percent of the world’s proved natural gas reserves in 2023. In general, the main African gas producers also concentrate the largest reserves on the continent. Nigeria, for instance, registered around *** trillion standard cubic meters in natural gas reserves as of 2023. However, apart from the established main producing countries, other African nations have been rising as potential players in the natural gas industry. An example is Mozambique, which, due to recent discoveries, moved up as the third-largest holder of natural gas reserves in Africa. Additionally, upcoming projects in countries such as Senegal and Ethiopia aim to increase the continent’s production and exportation of gas. Growing participation in the international market Due to the abundant natural gas reserves, Africa is expected to increase its standing in the global market in the coming years. By 2050, the volume of gas exported from the continent might rise threefold. In 2023, African LNG exports totaled **** billion cubic meters, while around ** billion cubic meters of gas were delivered via pipelines. In 2021, operational terminals for the export of LNG on the continent presented a combined capacity of ** million metric tons per year - a volume expected to grow due to proposed terminals and others under construction.

Global Tax Expenditure on Natural Gas for Fossil Fuel Production by Country, 2023 Discover more data with ReportLinker!

Global Direct Transfer on Natural Gas for Fossil Fuel Production by Country, 2023 Discover more data with ReportLinker!

China was the world's largest importer of liquefied natural gas (LNG) in 2023. That year, China accounted for 18 percent of all LNG imports. Liquefying gas allows for the trading of natural gas over greater distances, although pipelines are considered the safer means of transportation. Most countries reliant on LNG imports are those with no pipeline connections to producing sites. Australia, Qatar, and the United States are the world's largest LNG exporters, the three of them accounting for 60 percent of global LNG exports.

The average for 2023 based on 46 countries was 1.162 quadrillion Btu. The highest value was in Iran: 9.886 quadrillion Btu and the lowest value was in Armenia: 0 quadrillion Btu. The indicator is available from 1980 to 2023. Below is a chart for all countries where data are available.