Global trade in liquefied natural gas (LNG) reached 38.2 billion cubic feet per day (Bcf/d) in 2017, a 10% (3.5 Bcf/d) increase from 2016 and the largest annual volume increase since 2010, according to the Annual Report on LNG trade by the International Association of Liquefied Natural Gas Importers. In 2017, there were 19 LNG exporting countries and 40 LNG importing countries. Australia and the U.S. were among the countries with the largest increases (2.7 Bcf/d combined) in 2017 LNG exports.
Besides Australia and the U.S., several other countries also increased LNG exports in 2017. Asian countries led the growth in global LNG imports, accounting for 74% (2.6 Bcf/d) of the increase in 2017. Japan remains the largest LNG importer, importing 11.0 Bcf/d in 2017. China had the largest growth in LNG imports globally (1.5 Bcf/d) and became the world’s second-largest LNG importer in 2017, surpassing South Korea.