Group 1: Global LNG Trade Growth - In 2024, global LNG trade volume is expected to increase by 2.4% year-on-year, reaching 411.24 million tons, connecting 22 export markets and 48 import markets [2] - Major LNG producing countries such as the USA, Russia, Indonesia, and Australia are driving the growth in LNG trade volume through increased liquefaction capacity and exports [2] - By the end of 2024, global natural gas liquefaction capacity is projected to reach 49.44 million tons per year, an increase of 6.5 million tons per year compared to the previous year [2] Group 2: Investment Decisions and Sustainability - The final investment decisions (FID) for new liquefaction projects in 2024 have significantly decreased, with only 14.8 million tons per year of new liquefaction capacity reaching FID, the lowest since 2020 [3] - Decarbonization is becoming increasingly important in liquefaction projects, with industry participants exploring electrification, carbon capture and storage (CCS), and alternative fuels to reduce carbon emissions [3] Group 3: Global Regasification Capacity - By the end of 2024, global natural gas regasification capacity is expected to reach 106.47 million tons per year, with regasification projects distributed across 47 markets [3] - In 2024, 17 regasification projects in countries like Germany, China, and Brazil will come online, adding 6.66 million tons per year of new regasification capacity [3] Group 4: LNG Transportation Growth - In 2024, there will be a significant increase in LNG transportation vessels, with 64 new LNG carriers delivered throughout the year [5] - By the end of 2024, there will be a total of 742 active LNG carriers globally, including 48 floating storage regasification units (FSRU) and 10 floating storage units (FSU) [5] Group 5: Industry Outlook - The International Gas Union (IGU) emphasizes that LNG remains an economical and reliable option for emerging energy markets seeking to meet growing energy demands while replacing high-emission fuels [5] - LNG is expected to play a crucial role in providing energy resilience as the share of renewable energy generation increases in certain regions [5]

Core Insights - The 29th World Gas Conference (WGC2025) was held in Beijing from May 19 to 23, marking the first time the event has taken place in China since its inception in 1931 [3] LNG Trade and Supply - Global LNG trade volume is projected to grow by 2.4% year-on-year in 2024, reaching 411.24 million tons, connecting 22 export markets and 48 import markets [1] - Major LNG producing countries such as the USA, Russia, Indonesia, and Australia are expected to drive this growth through increased liquefaction capacity and LNG exports [1] - By the end of 2024, global liquefaction capacity is anticipated to reach 49.44 million tons per year, an increase of 6.5 million tons from the previous year [2] - The USA, Australia, and Qatar are the top three countries in terms of operational liquefaction capacity, collectively accounting for over half of the global total [1] Investment Decisions and Sustainability - Final investment decisions (FID) for new liquefaction projects in 2024 are significantly reduced, with only 14.8 million tons per year of new capacity reaching FID, the lowest since 2020 [2] - The industry is increasingly focusing on decarbonization, exploring methods such as electrification, carbon capture and storage (CCS), and alternative fuels to reduce carbon emissions and promote sustainable development [2] Demand and Re-gasification - By the end of 2024, global regasification capacity is expected to reach 106.47 million tons per year, with 17 new regasification projects coming online in countries like Germany, China, and Brazil, adding 6.66 million tons per year of new capacity [2] - Egypt is set to become an LNG importing country again in 2024, reflecting the ongoing growth in LNG demand from emerging markets [2] LNG Transportation - The LNG shipping sector is projected to see significant growth in 2024, with 64 new LNG carriers expected to be delivered, bringing the total active LNG carriers to 742 by the end of the year [2] Industry Outlook - The International Gas Union (IGU) emphasizes that LNG remains an economical and reliable option for emerging energy markets seeking to meet growing energy demands while replacing high-emission fuels [3] - The IGU believes that the LNG industry will continue to evolve and adapt to changes in global energy dynamics while meeting customer needs [3]