March 2020 review of global LNG flows

Apr 16, 2020

Global exports of liquefied natural gas in March totaled approximately 30.4 million tons on board 524 vessels, slightly lower than March 2019’s pace of 30.8 million tons. Approximately 32.7 million tons arrived on 519 vessels at import terminals in March, compared to 30.5 million tons in March 2019.

The number of floating LNG cargoes remained volatile last month, with the highest number of vessels coming on March 26 at a count of 19.

East Asia took in 16.5 million tons of LNG in March, higher than 15.7 million tons the region took in during March 2019. For South Asia, the 3.3 million tons imported in March represented a 7 percent increase from year-ago levels.

The Asia-Pacific region exported about 7.5 million tons of LNG in March, approximately 800,000 tons more than it did in February and up 10 percent year-on-year. Exports from the Arab Gulf came in at 8.0 million tons, higher than the February pace of 7.8 million tons.

North America exports in March are up 80% on a year-over-year basis to 4.6 million tons, and approximately 200,000 tons higher than in February 2020. Northern Russia loaded 1.7 million tons last month, up by 100,000 tons from February and a jump from the 100,000 tons loaded in March 2019.