The global trade in LNG reached a record high last year as Europe looked to replace pipeline natural gas imports from Russia following its invasion of Ukraine.
Volumes averaged 51.7bn cubic feet per day (bcf/d) a 5% increase compared with 2021, according to data by CEDIGAZ, the international association for natural gas.
Liquefaction capacity additions, primarily in the US, also drove growth in global LNG trade, according to the US Energy Information Administration (EIA).
