LNG exports have grown in the slowest rate since 2015

Global LNG has grown in the slowest rate since 2015 and threatened to keep prices high until new supplies are provided to meet the increasing demand. According to the data collected by the company “KPLER”, LNG shipments are expected to rise by 0.4% to about 414 million tonnes. The delay in completing US projects and imposing sanctions against the latest Russian gas manufacturing facility has reduced the new supplies in the market. The LNG has been accurately balanced since the invasion of Ukraine in 2022, which reduced the supply of Russian gas through tubes to Europe, which forced the continent to rely more on a lot of cool fuel (LNG). The lack of new exports has made the market vulnerable to a sharp rise in prices for buyers in Europe and Asia. The market can see a relative breakthrough in 2025 thanks to the increase in the production of new projects in the United States and the beginning of another facility in Canada. The plaque of the Venture Global LNG was the first consignment last week, and Cheniere Energy (Chenier Energy) began the production of the first phase of the expansion work yesterday. The United States achieved the list of the largest exporters in the world, as it sent a record of 87 million tonnes in 2024, which is almost equivalent to the amount of exports in the previous year, according to the “Kepler” data. China has the list of the largest liquid natural gas importers for the second year in a row, and imported more than 78 million tonnes, an 8.5% increase on an annual basis, depending on the data. However, imports are still slightly lower than in 2021, when China imported about 80 million tonnes.