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FACTS: 2007 LNG trade set record; Americas led regions

04/28/2008
In 2007, global LNG demand reached about 172.2 million tonnes, a rise of roughly 13 million tonnes (or 8%) compared with 2006. Fig. 1 shows the largest growth on a percentage basis occurred in the Americas (41%), followed by Asia (10%), while Europe (–7%) declined. Click here to enlarge imageInterestingly, the situation was the reverse of 2006, when Europe experienced the largest growth rate in imports due to a cold winter and strong demand in the UK. The Americas, on the other hand, saw imports decline by more than 7% due to mild weather and ample storage, which stabilized prices and enabled cargoes to be directed to other higher value markets, particularly Asia. Asian imports post...
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