50 Years of LNG

The first commercial shipment of LNG happened on 12-Oct-1964, 50 years ago. This infographic shows how the industry has evolved over the last five decades and the opportunities that exist today.

Some keynotes:

On 12 October 1964, the Methane Princess delivered the first commercial LNG cargo to the UK’s Canvey Island regasification terminal.

The money Japan spent on importing LNG last year could have bought 197 jumbo jets, or 300,000 Ferraris, or 145 million iPads.

Despite only being the fifth largest exporter so far in 2014, Indonesia has produced the most LNG in history at 721 million tonnes.

A typical LNG ship can carry 155,000 m3, which could fill 221 million bottles of whisky. Once regasified it could fill 137 billion bottles.

In the past 50 years, 424 LNG ships have been built. Over the next five years 127 new ships are due for delivery.

Japan has been the biggest importer of LNG since 1970, in that time five different countries have taken the honour of largest exporter.

Growth in global LNG production will mean it will take less than 11 years to produce as much LNG as was produced in the last 50 years.