4 The Global Status of LNG

Key Findings:

  • LNG is > 30% of global natural gas movement; Gas is > 20% of global primary energy
  • Both LNG and natural gas are forecast to continue recent growth
  • LNG development projects implemented in "waves" with different characteristics
  • National oil companies and governments led early development, major international oil companies dominate current projects, smaller companies are entering
  • One-to-one trade and long-term contracts have transitioned to more diversified supply and off- take and greater short-term and spot contracts