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Qatar continues to drive Middle East's international LNG trade flow: IGU

Qatar continues to drive Middle East's international LNG trade flow: IGU
Qatar continues to drive the Middle East's international LNG trade flow, Asia in particular, according to the International Gas Union.In its latest report, IGU noted that the...

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Qatar has been identified as the driving force behind the Middle East's international LNG trade flow, particularly in Asia, according to the International Gas Union (IGU). The latest report from IGU revealed that the trade flow between the Middle East and Asia reached 43.29mn tonnes in 2023, with Qatar's LNG supplies to China, India, and Pakistan being the main contributors. The report also highlighted that global LNG trade flows were concentrated within the Asia Pacific region, with the highest absolute value of 95mn tonnes. The majority of the trade flow was dominated by long-term imports, with Asia and Asia Pacific being heavy on long-term imports. Additionally, intra-Asia Pacific trade flows were primarily made up of flows coming from Australia. The second largest trade flow was from North America to Europe, with the US being the main driver of this trade route. Despite some fluctuations, the overall trade flow remained relatively constant year on year.

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