Insight
LNG: 2024 in review
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
Uncertainty and disruption characterized much of 2024 for the LNG industry. Global gas and LNG gas prices rallied and fell based on rumour alone. The LNG market witnesses minimal supply growth. The US and China retained their positions as the largest exporters and importers of LNG, respectively. In this report, we examine the changed LNG landscape, recap the year’s most significant developments, review trends and share our outlook for the industry.
Table of contents
- LNG supply growth slows to a crawl
- LNG demand: Asia bounces back as Europe wanes
- Supply uncertainty keeps the pressure on global prices
- Under-construction capacity delayed
- New LNG supply sanctioned in three continents
- US projects hampered by regulatory crackdown
- Momentum builds as projects position for FIDs in 2025 and 2026
- Brent-linked deals
- North American deals
- Orders, deliveries and shipyards
- Spot charter rates plunge to historic lows
- Major's 2024 LNG strategy
- 1 more item(s)...
Tables and charts
This report includes the following images and tables:
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North bound Suez Canal transits (Laden + Ballast)South bound Suez Canal transits (Laden + Ballast)Global LNG exports year-on-year change
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Global LNG imports year-on-year changeLNG prices 2023-2024FID outlookLNG Contract ACQ by destinationACQ of contracts by source (mmtpa)Average oil indexation by year signedLNG regas terminals commissioned in 20244 year average vs Q4 2024LNG spot charter rates
What's included
This report contains:
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