Fact Check: Liquefied natural gas (LNG) is a major energy source worldwide.

Fact Check: "Liquefied natural gas (LNG) is a major energy source worldwide."

What We Know

Liquefied natural gas (LNG) has become a significant component of the global energy landscape. As of 2024, approximately 20% of global LNG trade transited through key chokepoints, such as the Strait of Hormuz, with Qatar being a major exporter (EIA). The global LNG trade grew by 2.4% in 2024, reaching 411.24 million tonnes, connecting 22 exporting markets with 48 importing markets (International Gas Union).

The United States has emerged as the world's largest LNG exporter, with exports increasing from 0.5 billion cubic feet per day (Bcf/d) in 2016 to an expected 14.2 Bcf/d in 2025 (EIA). This growth is attributed to rising international demand and the expansion of U.S. LNG export facilities. By 2025, the U.S. is projected to have a significant impact on global LNG supply, with new facilities expected to add nearly 290 billion cubic meters (bcm) of LNG export capacity by the end of the decade (IEA).

Analysis

The claim that LNG is a major energy source worldwide is supported by substantial data indicating its growing role in the global energy market. The International Gas Union's report highlights the increasing trade volumes and the geographical expansion of LNG markets, particularly in Asia, where countries like China and India have ramped up their LNG imports significantly due to rising energy demands (International Gas Union).

Moreover, the U.S. Energy Information Administration (EIA) provides robust forecasts showing that U.S. LNG exports are a primary driver of natural gas demand growth, emphasizing the strategic importance of LNG in meeting both domestic and international energy needs (EIA).

However, while the data from these sources is credible, it is essential to consider potential biases. The EIA and International Gas Union are reputable organizations, but their reports may reflect the interests of their stakeholders, including governments and energy companies. The IEA's focus on market security and capacity expansion also suggests a positive outlook on LNG, which may not fully account for potential environmental concerns or shifts towards renewable energy (IEA).

Conclusion

The evidence clearly supports the claim that liquefied natural gas (LNG) is a major energy source worldwide. The increasing trade volumes, the expansion of export capacities, and the strategic role of LNG in meeting global energy demands affirm its significance in the current energy landscape. Therefore, the verdict is True.

Fact Check: Liquefied natural gas (LNG) is a major energy source worldwide.