LNG

Asia Pacific demand drives 2.4% increase in global LNG trade in 2024

LNG sector enjoyed a 'vibrant' year in 2024, the International Gas Union says, but market stability remains 'precarious'

TotalEnergies and Oman's OQEP break ground at Marsa LNG facility, one the key LNG projects to reach FID in 2024. Total new liquefaction capacity to reach FID fell by 75% in 2024 according to the International Gas Union.
TotalEnergies and Oman's OQEP break ground at Marsa LNG facility, one the key LNG projects to reach FID in 2024. Total new liquefaction capacity to reach FID fell by 75% in 2024 according to the International Gas Union.Photo: OQEP
European energy correspondentLondon
Published 22 May 2025, 08:00Updated 22 May 2025, 09:04
International Gas UnionUnited KingdomMexicoMexicoCedar LNG