2022 WORLD LNG REPORT PRESS RELEASE

LONDON, July 6, 2022 /PRNewswire/ -- The International Gas Union (IGU) is today releasing its 13th annual World LNG Report, the world's most comprehensive public source of information on key developments and trends in Liquefied Natural Gas (LNG).

Another exceptional year

Since the release of the 2021 report, the LNG sector has continued to face unprecedented conditions. Rapid post-COVID-19 demand recovery and tightening energy markets became further stressed by the supply implications from the Russia-Ukraine conflict.

This year's report is out during the worst global energy crisis on memory, and at a time when LNG plays a crucial role in security, reliability, and sustainability of energy around the world. It is a vital tool for controlling emissions, as gas produces significantly lower carbon emissions than coal and oil while keeping the air clean.

Highlights – LNG has demonstrated its agility by adjusting to rapidly changing market conditions. This confirms LNG as a vital fuel for secure, reliable, and sustainable energy, but long-term policy clarity is necessary for gas project development and rebalancing the markets.

Global LNG Trade	LNG Exporters & Importers	LNG Re-Exports
+16.2 MT Growth of global LNG trade	Croatia commenced LNG imports in 2021, making it the 40th 1 importing market	+0.9 MT Re-exported volumes increased by 34.4% YOY in 2021.
Global LNG trade reached an all-time high of 372.3 MT in 2021, 4.5% growth from 2020.	China, Kuwait, Indonesia and Brazil increased net imports through expansion of import capacity.	Re-export activity increased to 3.5 MT in 2021 (2.6 MT in 2020).
China provided 10.4 MT in increased net