Over the period from 2013 to 2023, liquefied natural gas (LNG) exports in the APAC region have shown a general upward trend. In 2023, the volume stood at 191.12 billion cubic meters. Starting from a value of 96.79 billion cubic meters in 2013, LNG exports experienced significant growth, particularly marked by peaks in 2014, with a 4.9% increase, and 2016, with an 18.1% increase. However, slight contractions were observed in 2020 and 2021 with year-on-year variations of -0.27% and -0.063%, respectively. Overall, the latest five-year CAGR up to 2023 is 3.07%, indicating a deceleration compared to earlier years.
Looking ahead to the forecasted data from 2024 to 2028, LNG exports are expected to continue to grow but at a slower pace. The forecast five-year CAGR from 2024 to 2028 is projected at 1.21%, with an overall growth rate of 6.19%. This moderated growth suggests that while the demand for LNG remains strong, market saturation and potential geopolitical or economic changes could influence these figures.
Future trends to watch for:
- Technological advancements in extraction and transportation driving efficiency.
- Geopolitical factors influencing trade routes and export volumes.
- Emergence of alternative energy sources potentially impacting LNG demand.
