Shell Says 2021 Global LNG Trade Rose 6 Percent to 380 Million Tonnes

The global LNG trade increased 6 percent to 380 million tonnes during 2021 as many countries rebounded from the economic impact of the Covid-19 pandemic, Shell said in its latest annual LNG Outlook.

Rising LNG demand, combined with supply constraints, caused gas and LNG prices to remain volatile throughout the year. Prices reached record levels in October 2021 as Europe, with historically low storage levels, struggled to secure LNG cargoes to meet expected winter gas demand, the report said.