Global LNG market is expected to drive strong growth by 2032 with a market size USD 228.83 Bn. The global Liquefied Natural Gas export capacity is expected to experience an unprecedented increase, with approximately 300 billion cubic metres (bcm) per year of new capacity expected to be added by 2032. The significant expansion is largely driven by the growth of liquefaction capacity in key producing countries, particularly the United States and Qatar. Global demand for liquefied natural gas (LNG) is projected to rise by approximately 60% by 2040, primarily driven by economic growth in Asia, and efforts to reduce emissions in heavy industry and transport.
Global LNG Market Key Highlights:
Price Insights: A sharper decline in LNG prices is expected to act as a catalyst for additional demand growth, particularly across the Asia Pacific region.
Infrastructure Growth in LNG market: More than 30 new LNG terminals and 50+ liquefaction projects are planned globally through 2032, which is expected to expand global LNG export capacity by approximately 40%, significantly enhancing global supply capabilities.
Export Opportunities: Rising LNG trade and strategic pipeline developments are expected to set significant advantages for producers and exporters.
the United States has sanctioned over 80 bcm of new LNG liquefaction capacity in 2025, marking a record high for the U.S. LNG sector.
An investment momentum in global LNG supply remained robust in 2025, with over 90 billion cubic metres (bcm) per year of LNG liquefaction capacity reaching the final investment decision.
Chart Loading...
Chart ID: 69788a3335a38097546b452d
Global LNG Market Size, By Application (2025–2032): Strategic Breakdown
Power Generation remains the dominant application, accounting for ~45% of total LNG consumption, driven by its role in replacing coal and ensuring grid stability.
Transportation Fuel is the fastest-growing segment, supported by rising LNG adoption in marine bunkering and heavy-duty trucking for emission reduction.
Industrial & Others segment continue to gain momentum due to increasing use in petrochemicals, remote power, and off-grid energy systems.
Chart Loading...
Chart ID: 69788b0b79b046a7ab7526c1
Global LNG Market Segments Covered
Segment Category | Segments |
By Application | Power Generation; Transportation Fuel; Industrial; Others |
By Infrastructure | Liquefaction Plants; Storage & Transportation; Regasification Plants |
By Contract Type | Long-Term Contracts; Spot & Short-Term Trading |
By Region & Country | North America: United States, Canada, Mexico Europe: UK, France, Germany, Italy, Spain, Sweden, Austria, Rest of Europe Asia Pacific: China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Rest of APAC Middle East & Africa: South Africa, GCC, Egypt, Nigeria, Rest of ME&A South America: Brazil, Argentina, Rest of South America |
Chart Loading...
Chart ID: 69788be935a38097546b45b4
LNG Supply Chain Cost Ladder
Stage | Cost Contribution | Notes |
Gas Production | 25% | Feedstock pricing impact |
Liquefaction | 30% | Capital and energy intensive |
Shipping | 20% | Freight, charter costs |
Storage | 10% | Cryogenic handling and terminals |
Regasification | 10% | Operating cost of terminals |
Distribution | 5% | Pipeline tariffs, local delivery |
Global LNG Market Competitive Landscape:
Global LNG market is highly consolidated, with QatarEnergy emerging as the dominant player due to its unmatched low-cost production base and large-scale North Field expansion strategy. The company operates a volume-led, long-term contracting business model, securing stable cash flows through multi-decade supply agreements with Asian and European utilities. Prominent Competitors like Cheniere, Shell, and TotalEnergies focus on portfolio diversification, trading optimization, and contract-backed expansion to protect margins and market share.
Global LNG Market Regional Analysis:
In 2024, Global LNG trade grew by 2.4%, reaching 411.24 million tonnes (MT), linking 22 exporting markets with 48 importing markets. Asia Pacific remained the largest exporting region, accounting for 138.91 MT in 2024. The demand for LNG was driven by high gasfor-power demand due to heatwaves, alongside lower LNG prices in early 2024, inspiring more spot buying by price-sensitive markets.
Europe is expected to add an additional 55.9 MTPA of capacity, with a focus on Germany, Italy, and Greece during the forecast period.
Chart Loading...
Chart ID: 69788c916c5618c697461ed8