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LNG: global demand +10% in 2017

19.5% growth in Europe, in Italy 30% up. The report of GIIGNL

20180614_1.jpgLast year the global demand for LNG increased by 9.9% vs. 2016, which was the highest increase since 2010. These findings come from the annual report of the International Group of Liquefied Natural Gas Importers (GIIGNL), which in 2017 observed a demand for LNG of 289.8 m ton. It was 26.2 m ton more compared to the previous year.
A new LNG importing country (Malta) arrived at the scene, bringing the total to 40, whereas the exporting countries remained 19 but - thanks to the launch of 5 liquefaction trains and a floating terminal in Malaysia - in 2017 the liquefaction capacity went up by 7.3% to 365 m ton.
The regasification capacity increased by 2.4% to 850 m ton.
Last year the biggest global LNG demand (73%) was in Asia, which absorbed 211.2 m ton marking a 10.2% growth. The first importer remains Japan (83.5 m ton), followed by China (39 m ton).
However, the highest increase was observed in Europe, where the LNG demand driven by electricity generation reached 16.8 m ton. It was 19.5% more than in 2016. Italy exceeded United Kingdom by almost 30% amounting to 5.97 m ton, which made our country the fourth importer after Spain (+19.8% to 12.1 ml ton), France (+33.6% to 7.35 m ton) and Turkey (+34.3% to 7.35 m ton).

 

Energy Morning is an information service on facts and news on the energy industry. As such, the contents of this service do not directly or indirectly reflect the vision and strategy of Snam on the topics covered.

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updated
13 June 2018 - 15:31 CEST