Liquefied Natural Gas (LNG) is natural gas which has been cooled down to form liquid.
This makes the gas easier and safer to transport without the need for pressurisation.
Once the gas reaches its destination, it can be stored or regasified for use.
At the end of 2019, the world’s top LNG exporting countries were Australia, Qatar and the US.
Most of the world’s LNG import demand sits in East Asia, however, falling demand following a mild winter and an economic slowdown in the region, saw much more LNG heading into Europe during 2019.
A trend that has continued so far in 2020.