Utilisation rates at LNG export terminals in the US, UAE and Qatar all trended above the total nameplate capacity in their respective nations.
Global LNG trade saw further growth in 2021, resulting in soaring utilisation rates at LNG export terminals, the International Gas Union (IGU) said in its 2022 World LNG Report published on July 6. And further growth is anticipated, as economics scramble to obtain stable energy amid the ongoing energy crisis and fallout from the Russia-Ukraine conflict.
Many of the foundations of the current energy crisis were already evident in 2021, given the emptying of European storage stockpiles in the last winter demand season. LNG’s reach is expanding not just in terms of overall quantities, but also the number of importing countries. Croatia accepted its first batch of LNG last year, becoming the world’s 40th LNG recipient.
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