Global LNG Trade Hits Record High in 2025, IGU Reports

London:  Global trade in liquefied natural gas (LNG) reached a record high in 2025, driven by strong exports from the United States and rising European imports, according to a report issued by the International Gas Union (IGU).

The report, however, warned that the ongoing conflict in the Middle East could affect LNG supplies and slow market growth this year.

IGU President Andrea Steiger said the conflict had damaged LNG infrastructure, created uncertainty over regional expansion projects, and increased concerns among Asian buyers over supply flows and prices.

According to the report, global LNG trade increased by 6.3 percent to 436.98 million tonnes in 2025, marking the fastest annual growth since 2022.

Europe recorded the largest increase in LNG imports, which rose by 26.1 million tonnes to 126.2 million tonnes, as countries sought to replenish gas storage and offset reduced pipeline gas supplies from Russia.

The Asia-Pacific region remained the world’s largest LNG importing market, with imports totaling 168.7 million tonnes, despite a decline of 9.2 million tonnes in regional demand, mainly due to lower imports by China and India.

China remained the world’s largest LNG importer, importing 69.77 million tonnes, although its purchases declined by 8.9 million tonnes compared to the previous year.

The report noted differing market trends across Asia, with China’s LNG imports falling due to higher domestic gas production and increased pipeline gas imports from Russia, while lower production in parts of Southeast Asia supported higher spot LNG purchases.

Japan ranked second among LNG importers with 67.37 million tonnes, while South Korea’s imports increased by 1.7 million tonnes to 48.67 million tonnes.

The IGU said persistently high LNG prices could limit demand growth in emerging economies, particularly in South and Southeast Asia.

The United States retained its position as the world’s largest LNG exporter, shipping 110.74 million tonnes, followed by Qatar with 81.51 million tonnes and Australia with 80.32 million tonnes.

The International Gas Union represents more than 130 member countries, accounting for over 90 percent of the global gas market.