LNG exports of select countries, 2014-2023 (Billion Cubic Meters)
IEA
01 Feb 2024
Liquefied Natural Gas (LNG) exports are on the rise globally, driven by economic growth and a global shift towards cleaner energy alternatives, particularly away from coal. Qatar has maintained its position as the largest LNG exporter, consistently exporting 105 billion cubic meters each year since 2016. This dominance is attributed to Qatar's abundant reserves of inexpensive gas and a relatively small domestic market. In 2023, the US surpassed Qatar to become the top LNG exporter, with exports reaching 113 billion cubic meters. This rise in US exports is fueled by advanced technology and infrastructure developed over the past decade, enabling US drillers to unlock vast reserves and expand production. Additionally, geopolitical tensions, such as the Russian-Ukraine conflicts, have spurred increased exports to the European Union from the United States. Australia closely follows the US, with 107 billion cubic meters of LNG exported. However, Australia's production is expected to decline due to natural declines in existing oil and gas fields and a limited pipeline of new fields being developed, suggesting that production may have peaked.
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