530
million metric tons
Global Production
IGU World LNG Report
+4.5%
YOY % Change
Provenance
LNG is produced by cooling natural gas to a liquid state for transportation and storage. Major LNG producers include Qatar, Australia, the United States, and Russia. These countries have extensive natural gas reserves and infrastructure for liquefying and exporting LNG.
Impact
LNG is critical for global energy markets, providing a flexible and cleaner-burning fuel alternative to coal and oil. The ability to transport LNG across long distances without the need for pipelines has made it an important commodity in global trade, particularly for countries in Asia and Europe that rely on imported energy.