The global LNG market continued growing in 2023 and faces a new set of challenges this year as it continues working to meet projected demand growth. Read what NGI analysts learned during 4Q2023 earnings season and how they view trends in the global natural gas market moving forward.

Cheniere Energy Inc. (LNG): Statistics from Cheniere and Shell plc (SHEL) show global liquefied natural gas exports grew by 3% to 403 million metric tons in 2023. A chart in the Flex LNG Ltd. (FLEX) 4Q2023 presentation shows the U.S. grew its LNG exports by 13% year-over-year. That made the United States the world’s No. 1 LNG exporter in 2023 with what we calculate is an estimated market share of roughly 21%.

Baker Hughes Co. (BKR):  Baker Hughes noted that with an estimated global nameplate...