LNG Said Powering International Natural Gas Trade, Fueled by U.S. ... - Natural Gas Intelligence

LNG Said Powering International Natural Gas Trade, Fueled by U.S. Production - Natural Gas Intelligence

The international natural gas trade, powered by LNG, grew 5% in 2022 year/year and represented more than half of all global gas activity, according to the latest Statistical Review of World Energy.

The benchmark annual report was published for the first time this year by the Energy Institute (EI) with consultancies KPMG and Kearny. BP plc had authored the key energy report since the 1950s.

“As the world emerged from the pandemic and its impact on demand, 2022 witnessed energy markets again in crisis, with the Ukraine conflict upending assumptions about supply around the world,” EI CEO Nick Wayth said. “That in turn precipitated a price crisis and profound cost-of-living pressures across many economies.

“The EI Statistical Review shows how the world’s energy markets...