WGC 2018: LNG trade advances with demand

Momentum in global natural gas trade shows no sign of abating

Stronger-than-expected demand for liquefied natural gas in 2017 helped trading break growth records for a third consecutive year, with prices also increasing for the first time in two years. Global LNG trade in 2017 reached 293.1 million tonnes - an increase of 12% (35.2 mt) from 2016, according to the 2018 World LNG Report, launched at the World Gas Conference in Washington on Wednesday Written by Italian grid operator Snam SpA, the International Gas Union trade lobby and The Boston Consulting Group, the report noted that the Asia-Pacific region continued to be a core driver in global demand, with China alone adding 12.7 mt of imports in 2017 - the largest ever annual growth by a single cou