United States LNG exports further increased in 2022 (+9%), benefiting from the European market divesting from Russian gas, and the concomitant commissioning of new liquefaction plants.
The EU LNG trade balance boomed (+62%) as the EU increased and diversified its LNG imports (doubling in France and the Netherlands, rising by over 40% in Spain and Poland) to counterbalance its reduced Russian gas supply, and opened new liquefaction plants (Netherlands). Russia LNG trade balance remained strong (+8%). For the first time since 2015, Asian LNG net imports decreased (-8.7%), driven by the 20% fall in Chinese imports (weakening in the local demand) and the 14% drop in Indian LNG imports (high LNG prices in Asia). The US reinforced their net exports (+8.5%), confirming their position as a global top LNG exporter thanks to the commissioning of new liquefaction plants, combined with the readjustment of European LNG import sources. Australian net exports continue to grow (+7.5%), the country thus remaining 2nd largest LNG net exporter.
Enerdata's Global Energy and Climate Trends report analyses key statistics, the Global Stocktake and the natural gas crisis resulting from the Ukraine conflict.
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