Insight
LNG: 2023 in review
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
2023 will be remembered as a pivotal year for the LNG industry. While the market eases up, volatility remains. New supply growth was limited, with record levels of planned maintenance. In Asia, price-sensitive buyers progressed as prices started softening, and we saw the emergence of new import markets while European demand decreased. In this report, we examine the changed LNG landscape, recap the year’s most significant developments, review trends and share our outlook for the industry.
Table of contents
-
2023 LNG in review
- Year-on-year supply growth was limited
- The market found a new balance in 2023
- 2023 was a volatile year for natural gas and LNG prices
- Sanctioned capacity increased by 67% in 2023
- Additional projects continue to move forward
- Brent-linked deals
- North American deals
- Contractual terms were front of mind
- 3 more item(s)...
Tables and charts
This report includes the following images and tables:
- Global LNG exports year-on-year change
- Global LNG imports year-on-year change
- LNG prices 2021-2023
- Global FID taken
- ACQ of all contracts by buyer type (mmtpa)
- ACQ of end user contracts by source (mmtpa)
- Regas terminals commissioned in 2023
- LNG spot charter rates
What's included
This report contains:
Other reports you may be interested in
Asset Report
PETRONAS FLNG 2 - commercial overview
The SB H block in deepwater Sabah contains four gas fields that will be developed as part of the first phase of a Floating LNG (FLNG) ...
$2,700
Insight
LNG Tool Key Changes - Q1 2025 refresh
A data refresh of LNG demand and LNG shipping costs to align with our Global gas Strategic Planning Outlook.
$1,050
Asset Report
NFE Altamira - FLNG1
New Fortress Energy (NFE) plans the initial start-up of its first company-owned and operated, large scale natural gas liquefaction ...
$2,700
