Asian nations driving growth in LNG import capacity, says EIA

This year has seen Vietnam and the Philippines import their first-ever LNG cargoes in a market that has seen global LNG import capacity increase by nearly 50% over the last decade.

Recent figures from the US Energy Information Administration (EIA) expect this capacity to expand by a further 16% or 23bn cubic feet per day (Bcf/d), by the end of 2024 versus 2022.