Global LNG Trade Set to Reach 800 Bcm by 2031 Amid Concentrated Supply
The International Energy Forum (IEF) and Japan Organisation for Metals and Energy Security (JOGMEC) have released a report on the global liquefied natural gas (LNG) market. According to the report, global LNG trade could reach around 800 billion cubic meters (bcm) by 2031, up from more than 600 bcm expected in 2026.
The report warns that rising trade volumes alone will not guarantee greater energy security, as supply remains concentrated and infrastructure constraints and maritime chokepoints continue to expose markets to disruption.
LNG trade has expanded more than fourfold since 2000, rising from 133 bcm to more than 600 bcm expected in 2026. The report said future growth will depend on economic conditions, energy prices, infrastructure development, and government policies.