For over 50 years, the LNG industry has been safely producing, transporting, receiving and regasifying LNG around the world, making LNG a significant supply source for many countries. Since the first LNG ship arrived in Europe in 1964, the LNG industry has been steadily growing, driven by rising natural gas demand in countries where domestic production inadequately covers local needs.
Initially, Asia and Africa produced the majority of LNG, but more recently, the Middle East and Trinidad have contributed to the production of LNG. In 2006, Qatar became the largest LNG producer in the world. The largest consuming regions for LNG include Asia and Europe, but the U.S. and Europe are expected to support substantial new LNG demand growth.