Insight
LNG: 2021 in review
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
Following the oversupply and price collapse in 2020, the global LNG market took a 180-degree turn in 2021. Global supply was no match for the strength of global demand, contributing to the largest sustained upward LNG price rally ever witnessed, shattering all previous price records. Europe got dangerously short of gas, while China and others raced to secure long term contracted supply. QatarEnergy was the top seller, contracting a monster 205 million tonnes over contract life. China overtook Japan as the world’s largest LNG import market and the United States outpaced the rest of the world in supply growth. For analysis of all the year’s key LNG market developments, check out our 2021: LNG in Review, with contributions from across our Short-Term Analytics, Europe Gas and Global LNG research teams.
Table of contents
-
Executive summary
- Global LNG trade and price dynamics
- Prices
- LNG supply
- LNG demand
- LNG in Europe
- Shipping rates
- New global LNG supply capacity
- LNG Contracting
- 2 more item(s)...
Tables and charts
This report includes the following images and tables:
-
LNG and gas prices *LNG supply growth in 2021LNG import growth in 2021
-
Top 10 LNG importing countries 2021Europe LNG importsLNG spot/short-term charter-ratesPath utilizationCapacity of LNG projects taking Final Investment DecisionACQ of contracts by pricing indexation (mmtpa)ACQ of contracts by delivery region (mmtpa)Commissioned in 2021LNG ship orders and deliveries
What's included
This report contains:
Other reports you may be interested in
Insight
LNG: 2025 in review
Supply growth marks new era for LNG
$1,050
Insight
Southern Cone gas and power: 2025 in review
Our recap of the key trends shaping market fundamentals and prices in 2025
$950
Insight
Carbon policy: 2025 in review
2025 saw shifting dynamics in global carbon policy with momentum switching from transition optimism to policy pragmatism
$1,150
