LNG Shipping: Australia Losing Market Share

According to Banchero Costa, “the European Union remains the world’s largest importer of LNG, accounting for 24.6% of global LNG imports. In Jan-Oct 2025, the EU imported 86.6 mln t, up +25.0% y-o-y from 69.3 mln t in Jan-Oct 2024 and also above the record 83.5 mln t in JanOct 2023. The United Kingdom imported 6.8 mln tonnes of LNG in Jan-Oct 2025, up +27.8% y-o-y from the 5.3 mln t in Jan-Oct 2024, but well below the 12.4 mln imported in Jan-Oct 2023. Japan imported 55.2 mln t in Jan-Oct 2025, down -0.2% y-o-y. Mainland China imported 54.2 mln tonnes of LNG in Jan-Oct 2025, down -16.6% y-o-y from 65.0 mln t in JanOct 2024. South Korea impor…