THE BIG PICTURE: A Gas Trade Transformation (Infographic)
According to the International Energy Agency, global natural gas trade has grown by more than 40% over the past 15 years. Over the next five years, current trade flows are expected to significantly diversify, boosted by development of liquefied natural gas (LNG) infrastructure. LNG trade, which grew by 11% in 2017 to 391 billion cubic meters (bcm) is expected to surpass 500 bcm in 2023, driven by strong demand in developing Asian markets (and especially China, which will account for a third of the increase in LNG demand). On the supply side, the Middle East, which has traditionally been the world’s single balancing supplier, will be increasingly challenged by development of export capacity from the U.S., Australia, and Russia.
Source: IEA, Gas Market Report 2018, Figure 3.1,
“Main Natural Gas Trade Flows, 2017 and 2023,” OECD/IEA, 2018
...MORE
Here's the IEA's Gas 2018 (Summary: gratis; Report €80 pdf)
And the June press release;
The gas industry’s future looks bright over next five years, according to IEA analysis
