Global LNG exports up in January 2023

Oil&Gas Materials 17 February 2023 13:24 (UTC +04:00)
Laman Zeynalova
Laman Zeynalova
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BAKU, Azerbaijan, February 17. Total liquified natural gas (LNG) exports rose by 2.8 percent (0.98 Mt) globally in January 2023, as compared to January 2022 and stood at 35.56 Mt, Trend reports with reference to the Gas Exporting Countries Forum (GECF).

The share of GECF members in LNG exports dropped from 50.9 percent to 49.7 percent year-on-year, however, still remained the largest LNG exporter globally.

The share of LNG reloads in global LNG supplies dropped from 1.5 percent to 1.2 percent during the same period. The share of non-GECF countries LNG exports grew from 47.9 percent to 48.8 percent, with the U.S. being the largest LNG exporter followed by Australia and Qatar.

The exports of LNG by GECF members and observers rose by 0.4 percent (0.07 Mt) in January 2023 y-o-y and stood at 17.66 Mt. The drivers of the increase were Norway (+0.37 Mt), Algeria (+0.27 Mt), Malaysia (+0.19 Mt), Qatar (+0.12 Mt), Mozambique (+0.06 Mt) and Trinidad and Tobago (+0.06 Mt).

This is while LNG exports declined from Nigeria (-0.51 Mt), Russia (-0.23 Mt), Peru (-0.14 Mt), Angola (-0.06 Mt), Equatorial Guinea (- 0.04 Mt) and the United Arab Emirates (-0.03 Mt).

LNG supplies by non-GECF increased by 4.8 percent (0.80 Mt) y-o-y to 17.37 Mt. Australia (+0.35 Mt), Indonesia (+0.30 Mt), Oman (+0.08 Mt), Cameroon (+0.07 Mt), the US (+0.04 Mt) and Brunei (+0.03 Mt) accounted for the major part of exports, versus lower exports by Papua New Guinea (-0.07 Mt).


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