New importers to boost global liquefied natural gas trade to 500m tons by 2028: IEF RIYADH: The global liquefied natural gas industry is set to grow by 25 percent in the next five years, with new market importers driven by the increasing adoption of the fuel, according to a new report. Analysis produced by the International Energy Forum and SynMax, a satellite data analytics company suggests the worldwide trade in LNG is set to reach an annual volume of 500 million tons by 2028. Furthermore, Southeast Asia, including Singapore, Vietnam, and the Philippines, is anticipated to emerge as the next significant hotspot for the fuel, with demand expected to double by the end of the decade. “
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