Liq­ue­fied Nat­ur­al Gas (LNG) is one of T&T’s top ex­ports. At­lantic, the coun­try’s LNG pro­duc­er, ex­ports to about 17 coun­tries around the world. These can be bro­ken in­to five re­gion­al mar­kets: North Amer­i­ca, South and Cen­tral Amer­i­ca, Eu­rope, Mid­dle East and Africa and Asia Pa­cif­ic; T&T sup­plies LNG in­to each of these mar­kets.

T&T ex­port­ed 10.3 bcm of LNG around the world in 2024, a slight de­cline from 2023 when the coun­try ex­port­ed 10.5 bcm and a sig­nif­i­cant de­cline from a 10-year high of 17.1 bcm, in 2015.

T&T has one of the most ge­o­graph­i­cal­ly di­ver­si­fied LNG ex­port port­fo­lios, with car­goes go­ing to all ma­jor im­port­ing re­gions in the world.

In 2024, the re­gion which im­port­ed the most LNG from T&T was the South and Cen­tral Amer­i­can mar­ket. The largest mar­ket with­in that group was Chile.

In pre­vi­ous years, 2022 and 2023, Eu­rope oc­cu­pied the top spot for T&T’s ex­port of LNG. This was main­ly dri­ven by Eu­rope’s in­creased need for LNG from oth­er sources due to sanc­tions placed on Russ­ian gas, as a re­sult of the Ukraine/Rus­sia war.

When At­lantic was first con­struct­ed, the USA ac­count­ed for al­most all of T&T’s LNG ex­ports. How­ev­er, since the shale boom in the USA, the coun­try has be­come less re­liant on for­eign nat­ur­al gas. De­spite be­ing the largest ex­porter of LNG, there are one lo­ca­tion in the USA, name­ly New Eng­land, that still some­times im­ports LNG from T&T; this was a mat­ter for dis­cus­sion in some of our pre­vi­ous ar­ti­cles.

The En­er­gy In­sti­tute re­cent­ly re­leased the an­nu­al Sta­tis­ti­cal Re­view of World En­er­gy which gives a snap­shot of en­er­gy sta­tis­tics around the world.

Glob­al en­er­gy sup­ply in­creased two per cent in 2024, dri­ven by ris­es in de­mand across all forms of en­er­gy, with non-OECD coun­tries dom­i­nat­ing both the share and an­nu­al growth rates. Fos­sil fu­els con­tin­ue to un­der­pin the en­er­gy sys­tem, ac­count­ing for 86% of the en­er­gy mix. Nat­ur­al gas still ac­counts for sig­nif­i­cant pro­por­tions of the en­er­gy sys­tem.

The re­port in­di­cat­ed that glob­al gas de­mand re­turned to growth in 2024, ris­ing by 2.5 per cent (101 bcm).

To­tal LNG trade re­mained steady, reach­ing 115 bcm. The re­port shows that US LNG ex­ports to Eu­rope al­so fell since 2023, with most redi­rect­ed to the Asia Pa­cif­ic re­gion.

At present, the Asia Pa­cif­ic re­gion is T&T’s 3rd largest ex­port mar­ket.