GLOBAL LNG TRADE RISES 2.4% IN 2014, PARTLY OFFSETS LOWER PIPELINE TRADE: BP

Global LNG trade increased by 2.4% on year to the LNG equivalent of 333.3 Bcm of gas in 2014, partly offsetting weakness in global pipeline gas trade, which fell by 6.2% to 663.9 Bcm, the largest decline on record, BP said Wednesday in its latest annual statistical review.

The increase in global LNG trade was largely driven by higher imports by China (up 10.8%) and the UK (up 20.1%) as well as the start-up of the 6.9 million mt/year Papua New Guinea LNG project.
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