Global LNG exports have started the year with a bang, hitting an all-time high of 108.7mn tons for the first quarter of the year according to Kpler data, beating the previous record set in 4Q 2023 (see chart 1). LNG trade typically quietens in the middle of the year as demand falls once temperatures in the northern hemisphere rise, and exporters implement maintenance programs.
US Pulls Ahead As Top LNG Producer With Record Exports
Record LNG exports from the US pushed the global LNG market to a new high in the first quarter of 2025. With lackluster Chinese demand, much of the increased gas is heading to Europe which is looking to refill stocks after a winter drawdown.
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Charts
1: Global LNG Exports Reach An All-Time High On The Back Of Surging US Volumes (mn tons)
2: Asian* LNG Imports: Volumes Drop 9% Year-On-Year To Their Lowest Q1 Level Since 2019 (mn t)
3: European TTF Prices ($/mn btu): Well Below Their 2022 Peak But Creeping Up
4: The EU’s Gas Stocks Reached A Three-Year Low (% Full)…
5: ...Prompting Record European Imports Of LNG From The US (mn tons)
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