As global demand for renewable energy rises, LNG (liquefied natural gas) continues to play a critical role in powering industries and homes worldwide. In 2025, the global LNG market will be led by a handful of major players known for their scale, innovation, and global reach. 

According to Blackridge Research’s global LNG market outlook, the industry is set to increase the global supply by 40% in 2028, supported by new LNG liquefaction projects started in late 2024. 

QatarEnergy leads the race as the world's largest LNG supplier based on operational export capacity of 55.8 MMTA (Million Tonnes Per Annum) in 2024, followed by U.S LNG company Cheniere Energy and Dutch giant Shell.

In this blog, we’ll explore the biggest LNG companies in the world according to the latest market capitalization in April 2025.

List of Top 15 LNG Companies in the World - 2025 (According to Market Capitalization)

ExxonMobil Corporation

Founded: 1999

Location: Irving, Texas, United States

ExxonMobil Corporation (Exxon) is known as one of the world's largest integrated fuels, lubricants, and chemical companies and “the largest direct descendant of John D. Rockefeller’s Standard Oil.”

The merger between Exxon Corporation and Mobil Corporation formed the global leader in O&G companies' primary businesses, which include upstream, product solutions, and low-carbon solutions.

As a global LNG leader, ExxonMobil’s attention to safety and the environment, excellent financial strength, and proven project execution make it the partner of choice in the capital-intensive and complex LNG value chain. ExxonMobil’s broad portfolio of global LNG operations encompasses LNG activities—from production and liquefaction to shipping, regasification, and sales.

Additionally, ExxonMobil is engaged in developing and applying new technologies to construct the world’s largest LNG ships and trains, which help minimize unit costs and maximize the value of natural gas from Qatar’s North Field.

Let’s look at some of ExxonMobil’s LNG projects:

Mozambique: In 2022, the USD 8 billion Coral South FLNG project offshore Mozambique shipped the first LNG cargo to help meet global demand. In addition, the Rovuma LNG project aims to produce, liquefy, and market natural gas from three reservoirs in the Area 4 block offshore Mozambique.

Papua New Guinea: ExxonMobil’s PNG LNG project milestones include producing 19+ million tons of LNG and loading 262 delivery cargoes to customers in Asia.

Qatar: ExxonMobil has partnered with Qatar Petroleum (now “QatarEnergy”) in three LNG receiving terminals in Europe and the United States and in developing the North Field.

Through Qatargas Operating Company Limited, ExxonMobil has also participated in 27 of the world’s largest LNG ships, 12 of the 14 LNG trains, and Qatar’s largest condensate refinery.

Golden Pass LNG: The Golden Pass LNG Terminal in Sabine Pass, Texas, United States, is a joint venture (JV) of ExxonMobil and QatarEnergy. Both companies have decided to independently market LNG produced at their JV to better serve their downstream customers while meeting increased global demand.

ExxonMobil India LNG Limited (ExxonMobil’s affiliate) signed an MoU (Memorandum of Understanding) with IndianOil (Indian Oil Corporation Ltd.—“India’s largest state-owned oil refining and marketing company”) to expand its LNG business initiatives in India.

Renowned as one of the largest international energy and petrochemical companies, ExxonMobil plans to nearly double its LNG production by 2030. ExxonMobil is supporting a lower-emission future by investing heavily in developing global energy resources and contributing significantly to expanding LNG projects worldwide.

QatarEnergy (formerly Qatar Petroleum)

Founded: 1974

Location: Doha, Qatar

Formerly known as Qatar Petroleum, QatarEnergy is a state-owned integrated energy company that operates all O&G activities, from exploration, production, processing, and refining to sales and delivery.

North Field East (NFE) Project

Qatar is recognized as the “world’s largest LNG supplier.” As a globally leading LNG producer, QatarEnergy is implementing the North Field East (NFE) project in line with Qatar’s National Vision 2030.

The NFE project, which is expected to raise LNG production capacity by 43% from 77 MTPA to 110 MTPA, is an expansion of the North Field, which is stated to be “the world’s biggest single non-associated natural gas field” offshore the northeast Qatar peninsula.

According to an industry news source, ExxonMobil, TotalEnergies, and Shell each own a 6.25% stake through separate joint ventures with QatarEnergy. ConocoPhillips and Eni hold just over 3% each through similar agreements.

On behalf of QatarEnergy, the largest LNG producer in the world, Qatargas operates the NFE project that will enable the production of the following:

• LNG (32 MTPA)

• Ethane (4,000 t per day)

• Condensate (260,000 barrels per day)

• LPG – Liquefied Petroleum Gas (11,000 t per day)

• Pure helium (20 t per day (approx))

North Field South (NFS) Project

While NFE stands for the first phase of the expansion, the second phase refers to the North Field South (NFS) project, which is expected to raise the country’s LNG production to 126 MTPA by 2027. The NFS project will involve the construction of two more mega LNG trains, each with 8 MTPA.

In June 2024, Saudi Aramco announced two U.S. LNG agreements. It signed a 20-year nonbinding offtake deal with NextDecade for 1.2 million tons per year (mt/y) from the proposed Train 4 at Rio Grande LNG. Additionally, on June 26, it signed a heads of agreement with Sempra for a 20-year sales and purchase deal for 5 mt/y from the planned Phase 2 expansion of Port Arthur LNG.

Chevron Corporation

Founded: 1879

Location: San Ramon, California, United States

Chevron Corporation is an integrated O&G company active in more than 180 countries. Formerly known as the “Standard Oil Company of California,” Chevron is the second-largest direct descendant of Standard Oil.

Founded as “Pacific Coast Oil Co,” the company was bought by the Standard Oil Co. & Trust in 1900. Later, it took on the name “Chevron” in 1984. Chevron runs California’s two largest oil refineries in El Segundo and Richmond and maintains 25,700 service stations worldwide under the brands “CalTex,” “Chevron,” and “Texaco.”

Chevron has invested billions of dollars in developing, expanding, and managing many assets, from vast LNG projects to reinvigorating century-old oil fields. It also manages investments in its subsidiaries and affiliates.

LNG technology enables Chevron to deliver natural gas from its legacy projects worldwide safely.

Chevron’s LNG projects include:

Angola LNG Project: The Angola Liquefied Natural Gas (ALNG) Project is the first LNG project in Angola and one of the largest energy projects on the African continent. This LNG plant can process 1.1 billion cubic feet of natural gas daily.

Gorgon LNG Project: The Gorgon LNG Project in Australia is located on Barrow Island, about 60 km off the northwest coast of Western Australia. This project includes an LNG export facility with three processing units designed to produce 15.6 MMTPA of LNG.

Wheatstone LNG Project: The Chevron-led Wheatstone project is stated to be “Australia’s first LNG hub concept—the largest offshore gas-processing platform ever installed in Australia.” Located in Western Australia, the project’s expected LNG production is 8.9 MMTPA at full capacity.

Shell PLC

Founded: 1907

Location: London, United Kingdom

Shell PLC (Shell) is one of the world’s major O&G companies, known as “the world’s largest LNG trader.” Originally known as “Royal Dutch Shell PLC,” the company changed its name to “Shell PLC” in 2022. As a global group of energy and petrochemical companies, Shell operates in 70+ countries.

As an LNG pioneer for more than 50 years, Shell is reported to have started today’s global trade by shipping the first commercial cargo from Algeria’s LNG liquefaction plant to the UK in 1964. Shell continues to expand LNG availability around the world by improving LNG technology.

For example, Shell developed Prelude FLNG, which is stated to be “the world’s largest offshore FLNG production facility” that accesses gas resources from underwater fields that are too uneconomic or difficult to reach from land.

Shell’s research also supports the development of safe designs for onshore and offshore LNG facilities, ships, and terminals.

Known as one of the world’s largest LNG shipping operators, Shell manages and operates LNG carriers, constituting around 11% of the global LNG shipping fleet.

Shell is a major LNG portfolio player, investing in global LNG supply infrastructure and operating joint ventures that operate a wide range of LNG plants and terminals worldwide.

Apart from LNG supply projects in 10 countries, one of the biggest LNG companies has major interests in regasification plants and long-term access to capacity in many other countries in Asia, Europe, North America, and the Middle East.

LNG Supply Projects

• Brunei LNG (BLNG) (the first LNG plant in the West Pacific)

• Nigeria Liquefied Natural Gas (NLNG) (Nigeria’s first LNG project)

• North West Shelf Venture, Australia (“accounts for more than a third of Australia’s O&G production”)

• Oman LNG (a joint venture producing and selling LNG and NGLs)

• Qatargas 4, Qatar (a fully integrated LNG asset and Shell’s first entry into Qatar’s LNG sector)

• Queensland Curtis LNG (QCLNG), Australia (two LNG trains on Curtis Island, near Gladstone)

• Atlantic LNG, Trinidad & Tobago (one of the world’s largest LNG facilities based in the Southern Caribbean)

• Peru LNG (the first natural gas liquefaction plant in South America)

• Egyptian LNG (two LNG production trains at Idku)

Regasification Plants

• Dragon LNG (an LNG receiving, storage, and regasification facility in Waterston, near Milford Haven, Wales)

• Hazira, Gujarat, India (a 5 MTPA LNG receiving, storage, and regasification terminal owned and operated by Shell Energy India (SEI))

In April 2025, Canada supported expanding the LNG Canada project on the west coast, boosting efforts to grow LNG exports beyond the US. Led by Shell and Petronas, the project expects first shipments soon, with a second phase decision to follow.

Shell also plans to begin LNG production at Venezuela's Dragon gas field in 2026, aiming to export natural gas to Trinidad and Tobago a year ahead of the original 2027 schedule. The project highlights ongoing industry hopes for continued U.S. sanctions exceptions on Venezuela.

China National Petroleum Corporation

Founded: 1988

Location: Dongcheng District, Beijing, China

China National Petroleum Corporation (CNPC) is one of the world’s largest O&G companies and one of China's largest state-owned enterprises.

As an integrated international energy company, CNPC’s businesses include:

• O&G operations

• Oilfield services

• Petroleum engineering and construction

• Equipment manufacturing

• Financial services

• New energy development

While CNPC is widely recognized as “China’s largest natural gas supplier,” CNPC’s subsidiary, PetroChina, is known as the country’s top gas importer. As China’s domestic LNG demand increases, it is working toward supplementing domestic gas production and pipeline imports through strategic LNG purchases.

CNPC continues to improve its natural gas distribution system, consolidating resources under well-managed gas contracts and optimizing its distribution and transportation capacities to ensure adequate supply in the domestic market.

In addition, CNPC’s engineering and construction arms support LNG projects by strengthening project lifecycle management.

In CNPC’s annual report, the company states that it adopts a holistic approach involving the following to increase natural gas supply and meet market needs:

• Maximize domestic gas production

• Consolidate gas resources worldwide

• Boost the peak-shaving capacity of underground gas storage facilities

• Promote gas pipeline connectivity

• Improve the natural gas marketing network

PetroChina Company Limited

Founded: 1999

Location: Dongcheng District, Beijing, China

PetroChina Company Limited (PetroChina) is a subsidiary of the state-run CNPC (China National Petroleum Corporation)—one of the world’s largest integrated energy groups and a prominent national O&G corporation.

According to PetroChina, it is “China’s largest producer of crude oil and natural gas” and “China’s largest natural gas transporter and seller in terms of sales volume.”

The company is also stated to be one of China's largest producers and sellers of petroleum products, operating 20,000+ gas stations, covering 31 provinces (autonomous regions, municipalities) and the Hong Kong Special Administrative Region.

PetroChina is engaged in a variety of petroleum and natural gas-related activities, including:

• Exploration, development, production, and sale (crude oil and natural gas)

• Refining, transportation, storage, and marketing (crude oil and petroleum products)

• Production and marketing (basic petrochemical products, derivative chemical products, and other chemical products)

• Transmission and storage (crude oil, refined products, and natural gas)

• Sale (natural gas)

According to a press release, China’s leading LNG importer and trader, “PetroChina,” announced signing a sales and purchase deal for LNG with Malaysia’s Petronas.

In addition, an industry news source reported the delivery of a large LNG carrier from China’s Hudong-Zhonghua (a unit of China State Shipbuilding Corporation (CSSC) to PetroChina International (a wholly owned subsidiary of PetroChina).

Under a joint venture with state shipping firms, PetroChina International ordered three LNG tankers to acquire its shipping capacity and strengthen its presence in the complex global environment.

TotalEnergies SE

Founded: 1924

Location: Courbevoie, France

TotalEnergies SE is an integrated energy and petroleum company and one of the seven supermajor oil companies. As a global multi-energy company, TotalEnergies is active in close to 130 countries and produces and markets the following:

• Natural gas and greenhouse gases

• Oil and biofuels

• Renewables and Electricity

The 2022 annual report states that TotalEnergies’ LNG production and LNG sales volumes were 17.0 (Mt) and 48.1 (Mt), respectively. According to the report, the French energy giant has strengthened its position as “the third-largest LNG company in the world” with 48.1 Mt of LNG sold in 2022.”

The LNG sold by TotalEnergies in worldwide markets is sourced partly from equity LNG production in natural gas fields and condensates, liquefaction plants (wherein the subsidiaries are shareholders), and contracts concluded with third parties.

TotalEnergies aims to increase its LNG sales by 3%/y by 2027. In addition to maintaining a diverse and flexible LNG portfolio, TotalEnergies is also active in trading LNG and complementary products (LPG, petcoke, and sulfur).

LNG Production and Liquefaction

Africa: TotalEnergies holds a 15% interest in Nigeria LNG (NLNG), whose primary asset is a liquefaction plant with a total capacity of 22 Mt/y.

Angola: TotalEnergies holds a 13.6% interest in Angola LNG (ALNG), which owns a gas liquefaction plant with a capacity of 5.2 Mt/y.

Asia-Pacific: The Ichthys LNG (26%) and Gladstone LNG or GLNG (27.5%) projects contribute to LNG production in Australia.

Egypt: TotalEnergies holds a 5% interest in the first LNG train of the Egyptian LNG Idku liquefaction plant, which has a 3.6 Mt/y capacity.

The Americas: TotalEnergies is active in liquefaction through its 16.60% stake in the Cameron LNG plant in Louisiana, United States.

The Middle East: TotalEnergies holds a 16.7% interest in train 5, which has 8 Mt/y of LNG production capacity. Additionally, TotalEnergies produces LNG through its investments in the Oman LNG/Qalhat LNG liquefaction complex, with the overall capacity expected to increase to 11.4 Mt/y from 2023.

United Arab Emirates: TotalEnergies holds a 5% interest in each ADNOC LNG and NGSCO (National Gas Shipping Company).

Furthermore, TotalEnergies boosts and diversifies its worldwide LNG resource portfolio by acquiring long-term LNG volumes primarily from American projects wherein the company has no equity (Corpus Christi, Freeport LNG, and Sabine Pass).

In addition, TotalEnergies has a long-term LNG regasification capacity through assets in Europe (Belgium, France, the Netherlands, and the United Kingdom) and the Americas (Panama and the United States). In June 2024, Total Energies signed a sales and purchase agreement with Indian Oil Corporation for the delivery to India of up to 800,000 tons per year of LNG for 10 years from 2026.

LNG Purchase, Sale, Trading, and Shipping

TotalEnergies holds several long-term LNG sales contracts in the following countries:

• Brazil

• Chile

• China

• India

• Japan

• Panama

• Singapore

• South Korea

• Taiwan

• The Dominican Republic

As part of the company’s shipping activities, TEGPL (TotalEnergies Gas & Power Limited) operated a chartered fleet of 19 LNG carriers at the end of 2022, with four new LNG carriers expected to be added (in 2023 and 2024) to support the growth of the LNG portfolio.

Besides signing agreements with various companies worldwide to supply LNG, TotalEnergies is developing LNG retail sales for industrial use or mobility.

For example, TotalEnergies has opened LNG filling stations for trucks in Germany and France and a network of LNG filling stations in Belgium and the Netherlands.

Furthermore, TotalEnergies plans to supply LNG, bioLNG, and biofuels to strategic bunkering hubs to help its maritime customers reduce their emissions.

According to a press release, TotalEnergies was also honored with the distinction of being chosen as “QatarEnergy’s first partner on the North Field South LNG project,” which is expected to produce 16 MTPA of LNG.

ConocoPhillips Company

Founded: 2002

Location: Houston, Texas, United States

ConocoPhillips Company is one of the top 10 LNG companies in the world. Formed as a merger between Conoco Inc. and Phillips Petroleum Company, it provides oil exploration and production services and has activities and operations in 13 countries.

As part of its worldwide operations, ConocoPhillips explores for, produces, processes, transports, and markets the following:

• Crude oil

• Bitumen

• Natural gas

• Natural gas liquids (NGLs)

• LNG

While Isaac E. Blake founded Conoco as the “Continental Oil and Transportation Company,” Phillips Petroleum Company was one of the largest oil companies in the U.S.

ConocoPhillips’ operations are spread across Alaska, Asia-Pacific, Canada, Europe, the Middle East, North Africa, and other international locations.

For example, ConocoPhillips’ Asia-Pacific operations produce fields in Australia, China, Indonesia, and Malaysia. The company’s Australia Pacific LNG (APLNG) Project has delivered stable production since 2015.

ConocoPhillips LNG Technology & Licensing

ConocoPhillips owns and licenses the Optimized Cascade® technology to efficiently and effectively liquefy natural gas. The Kenai LNG plant (retired) first adopted the proprietary technology, which started operations in 1969.

As a leading provider of cost-effective, high-value natural gas liquefaction solutions, ConocoPhillips continues to leverage its 50+ years of LNG plant operating experience and technological expertise for a wide range of LNG equity projects and LNG licensed projects, including the Corpus Christi Liquefaction Project and the Sabine Pass LNG Terminal.

ConocoPhillips states that its Optimized Cascade® process is “licensed in 27 trains around the world and provides 110+ million metric tons per year of the world’s LNG supply.”

ConocoPhillips LNG Supply Agreements

According to a press release, ConocoPhillips announced a 20-year SPA (Sale and Purchase Agreement) with Sempra Infrastructure (a subsidiary of Sempra—a leading LNG infrastructure company) for 5 MTPA of LNG from Phase 1 of the proposed Port Arthur LNG project.

The Jefferson County, Texas, United States project will meet the global demand for a reliable natural gas supply and further enhance ConocoPhillips’ portfolio.

Another industry news source reported that ConocoPhillips and QatarEnergy have signed two SPAs to export LNG from Qatar’s North Field expansion project to Germany for at least 15 years starting in 2026.

BP PLC

Founded: 1909

Location: London, United Kingdom

Known as one of the O&G “supermajors,” BP PLC (BP/bp) was founded by William Knox D'Arcy and formed by the merger between British Petroleum Company and Amoco Corporation. Formerly known as “British Petroleum Company PLC” and “BP Amoco,” the British integrated O&G company operates in 62 countries.

BP is a well-established global LNG player with significant LNG marketing and trading capabilities and an extensive portfolio, including a mix of long-term equity projects and mid-term and spot purchases.

BP’s track record includes China’s first LNG export terminal in Guangdong. In addition, BP has partnered with Prumo, Siemens, and SPIC Brasil (a subsidiary of State Power Investment Corporation of China (SPIC)) at the Port of Açu to develop the largest integrated LNG-to-power project in Latin America.

BP is active throughout Europe, with LNG delivery slots, regas, transport, and storage positions, enabling the company to meet the various needs of customers and producers.

Since 2002, BP has been operating an LNG fleet built with cutting-edge technology to reduce carbon emissions. BP has also been commissioning several LNG facilities and liquefaction projects worldwide and managing a rigorous ship-vetting and port/terminal inspection program for its ships.

BP’s industry breakthroughs include:

• Supplying the first commercial LNG contract based on offshore ship-to-ship transfer.

• Approving and delivering LNG to various configurations of FSRUs (Floating Storage and Regasification Units) and offshore LNG facilities.

Additionally, BP has dedicated LNG legal and risk management teams in its global offices to craft innovative contracts and creative solutions suited to customer requirements.

Furthermore, BP’s expertise in quantifying the estimated carbon intensity of the LNG supply chain helps its customers achieve their sustainability goals and supports global net-zero efforts.

BP aims for an LNG portfolio of 30 MT by 2030 and is looking for opportunities across the gas value chain. For example, BP has successfully loaded the first LNG cargo under a long-term contract to purchase 100% of LNG output from Mozambique’s offshore Coral Sul FLNG facility.

• Cheniere Energy, Inc.

• Founded: 1996

Location: Houston, Texas, United States

Cheniere Energy, Inc. (Cheniere) is the leading LNG exporter and producer in the U.S. and the second-largest LNG producer globally.

Cheniere is a full-service LNG provider with gas procurement and transportation, liquefaction, vessel chartering, and LNG delivery capabilities.

The company name is derived from the Acadian word “chene,” which means “oak” and describes groves of oak trees (bent by the Gulf winds) along a series of rising edges from the marshes of Cameron and Vermilion parishes.

In addition, Cheniere has one of the largest liquefaction platforms in the world, including the Corpus Christi and Sabine Pass liquefaction facilities on the U.S. Gulf Coast. The company has a total production capacity of 45 MTPA (approximately) of LNG in operation and an additional 10+ MTPA of LNG under construction.

Corpus Christi Liquefaction: The 1,000+-acre Corpus Christi Liquefaction (CCL) is located in Corpus Christi Bay in San Patricio County, Texas, United States. Currently, CCL has three fully operational liquefaction units (or trains), each designed to produce ~5 MTPA of LNG.

Cheniere is constructing an expansion near the CCL project with an expected total LNG production capacity of approximately 10 MTPA.

Sabine Pass Liquefaction: Cheniere owns and operates the Sabine Pass LNG terminal via its stake in Cheniere Partners.

Since 2016, Cheniere’s Sabine Pass Liquefaction (SPL) has produced more than 2,000 cargoes that have powered homes and factories worldwide.

Currently, Sabine Pass has six fully operational trains, each capable of producing ~5 MTPA of LNG. Cheniere is also developing the “SPL Expansion Project” near the existing SPL project in Cameron Parish, Louisiana, designed for a total expected production capacity of approximately 20 MTPA.

Furthermore, Cheniere is working on liquefaction expansion opportunities and other projects along the LNG value chain.

Equinor ASA

Founded: 1972

Location: Stavanger, Norway

Formerly known as “StatoilHydro” and “Statoil,” Equinor ASA is one of the world’s largest O&G suppliers. Equinor has transitioned from a Norwegian O&G company into an international energy company with a global presence in 30+ countries.

The Norwegian government founded Equinor to manage the country’s vast O&G resources. Over the years, Equinor has contributed to Norway’s status as a leading O&G exporter through O&G exploration, development, and production.

Equinor’s decades of progress have earned it recognition in various ways, such as:

• “A world-leading offshore operator”

• “An international pioneer in renewables and low-carbon solutions”

• “The largest oil and gas operator in Norway”

• “The second-largest gas supplier in Europe”

• “The largest gas producer on the Norwegian continental shelf”

Equinor supplies LNG cargoes to 20+ countries and sells LNG from the Snøhvit field in the Barents Sea by transporting LNG through specialized ships to customers worldwide.

In addition, Equinor sells the Norwegian government’s gas volumes. With the combined gas volumes from Equinor and SDFI (the government’s gas from the State’s Direct Financial Interest), Equinor is in charge of marketing and selling about 70% of the gas from the Norwegian continental shelf.

Furthermore, Equinor is investing actively in new energy (such as offshore wind and solar energy) to combat destructive climate change, expand energy production, and enhance energy security.

Eni S.p.A.

Founded: 1953

Location: Rome, Italy

Eni S.p.A. (Eni) is an integrated O&G company known as one of the world's seven “supermajor” oil companies. The company name (Eni) is an abbreviation of Ente Nazionale Idrocarburi (Italian for “State Hydrocarbons Authority”).

One of the largest LNG companies engages in a wide range of activities, such as:

• Explore for and produce hydrocarbons (locations: Africa, Australia, Italy, Kazakhstan, the Gulf of Mexico, and the North Sea)

• Produce natural gas and import it for sale (Italy and elsewhere in Europe)

• Transport natural gas in pipelines

• Generate and trade electricity

• Refine oil

• Operate gasoline service stations

Eni focuses on the energy trilemma’s three pillars—environmental sustainability, energy security, and accessibility—by geographically and technologically diversifying its energy sources.

ENG engages in the entire LNG value chain, directly and through its affiliates globally, to develop and manage integrated LNG projects. For example, LNG Shipping S.p.A. (100% owned by Eni S.p.A.) supports LNG transportation by sea through two proprietary LNG tankers—LNG Portovenere and LNG Lerici.

As contracted LNG is expected to exceed 18 MTPA by 2026, the LNG market is opening up new growth opportunities for companies in the energy business.

Eni is also part of global LNG projects, including the following:

Jangkrik: In Indonesia, hydrocarbon production mainly occurs in the Muara Bakau exploration block (55% Eni-owned), with ten subsea wells operating in the Jangkrik gas field and connected to the FPU (Floating Production Unit).

In 2017, Eni sent the first LNG shipment produced by the field from the liquefaction plant in Bontang, East Kalimantan, to the Indonesian inland market.

Merakes: The Merakes development project involves drilling five subsea wells linked to the FPU in the Jangkrik production field and creating a transport system for the wells. Subsequently, the gas produced is sent to the Bontang liquefaction plant and sold on the domestic market.

Coral South (the gas field off the coast of Mozambique): Eni is the operator of the Coral Sul FLNG (Floating LNG) project off the Mozambican coast. Eni’s Coral Sul FLNG project partners include China National Petroleum Corporation (CNPC), ExxonMobil, Galp Energia, and Korea Gas Corporation (KOGAS).

Eni also plans to build a second floating platform to leverage the vast gas reserves in Mozambique’s Rovuma Basin.

Congo LNG: Eni is reported to be “the second-largest oil operator in Congo Republic,” with around 50 years of operating experience in the country. The company is committed to developing Congo’s huge gas resources.

In 2023, the Congo Republic’s government and Eni launched the country’s first natural gas liquefaction project (Congo LNG), expected to reach an overall LNG production capacity of 3 MTPA by 2025. The project is also in line with Eni’s goal to stop routine gas flaring, which is said to be a major source of greenhouse gases responsible for global warming.

The project, with two FLNG plants installed at the Nenè and Litchendjili fields and at yet-to-be-developed fields, will make the West African country an LNG exporter for the first time and supply local and international markets. Eni is also set to increase its LNG cargoes from Angola, Egypt, Indonesia, Mozambique, Nigeria, Qatar, and the Congo Republic.

PJSC Gazprom

Founded: 1989

Location: Saint Petersburg, Russia

PJSC Gazprom is one of the world’s largest energy companies and Russia’s energy giant (PJSC stands for “Public Joint-Stock Company”). The majority government-owned company is also a major natural gas supplier to Europe—Gazprom transports high-pressure gas in the Russian Federation and European countries.

Gazprom’s Production of Gas segment engages in the exploration and production of gas. As an integrated global O&G company, Gazprom focuses on the following:

• Gas, gas condensate, and oil (geological exploration, production, transportation, storage, processing, and sales)

• Gas as a vehicle fuel (sales)

• Heat and electric power (generation and marketing)

As part of a long-term program to increase LNG production, Russia focuses on establishing a solid presence in the global LNG market, where Australia, Qatar, and the U.S. are its main competitors.

Russia is leveraging the window of opportunity through “East Siberia” —the Yamalo-Nenets Autonomous Okrug, particularly, is the most prospective region regarding gas production.

In this context, various LNG projects are expected to be launched in the coming years, including the following Gazprom LNG plants:

Ust-Luga LNG plant (completion expected in 2024-2025)

Expected capacity (MTA): 13.3

Tambey LNG plant (potential project, implementation in 2030)

Expected capacity (MTA): 20

Shtokman LNG plant (potential project, implementation in 2035)

Expected capacity (MTA): 30

According to a press release, PJSC Gazprom implemented an important CLNG (LNG Production, Storage, and Offloading Complex) project in the Portovaya CS (Compressor Station) area in September 2022.

With the design capacity of 1.5 MTPA, the plant’s two production lines would help provide natural gas motor fuel (NGF) to St. Petersburg’s passenger transport enterprises by shipping LNG from CLNG through tank trucks.

Woodside Energy Group Ltd.

Founded: 1954

Location: Perth, Australia

Formerly known as “Woodside Petroleum Ltd..,” Woodside Energy Group Ltd. (Woodside) is a world-renowned petroleum exploration and production company and also “the largest Australian natural gas producer.”

Named after the small Victorian town of Woodside, the Australian energy giant is famous as “Australia’s LNG pioneer” and a leading supplier of condensate, crude oil, LPG (Liquefied Petroleum Gas), and pipeline natural gas.

With 35+ years of operating experience in Australia, Woodside’s expanded global portfolio now comprises quality operating assets in the Gulf of Mexico (U.S.) and Trinidad and Tobago. The LNG company has an excellent track record in integrated shipping, operations, marketing, and trading activities across condensate, crude, LNG, and NGL cargoes.

Additionally, the company’s LNG trading activities help maximize the value of Woodside’s LNG portfolio, which is managed through a mix of short-, mid, and long-term contracts. Woodside’s LNG shipping fleet comprises six vessels under long-term contracts, multiple vessels on short-term charter, and five newly built LNG ships chartered in 2022.

Woodside LNG Plants

The 2022 annual report states that the majority (approx. 75%) of Woodside’s production was attributed to natural gas, consisting of LNG, NGLs, and pipeline gas, while the remaining 25% was attributed to oil and condensate.

Woodside’s onshore LNG-producing facilities include:

Pluto LNG Plant (LNG: 4.9 MTPA): Pluto LNG is a gas-processing facility in Western Australia’s Pilbara region and includes an offshore platform and one onshore LNG processing train.

North West Shelf (NWS) – Karratha Gas Plant (KGP) (LNG: 16.9 MTPA): The NWS Project includes three offshore platforms and the onshore KGP with five onshore LNG processing trains.

Wheatstone LNG Plant (LNG: 8.9 MTPA): The Wheatstone LNG facility comprises an offshore production platform and two onshore LNG processing trains.

In addition, Woodside’s Scarborough project (Scarborough gas field in Carnarvon Basin, Australia) is expected to produce 5 MTPA (approx.) of LNG from Pluto Train 2 and up to 3 MTPA of LNG from the existing Pluto Train 1, with the first LNG cargo targeted in 2026.

Apart from the domestic market, Woodside is also pursuing new markets for LNG as a cost-effective, low-emissions alternative fuel for heavy transport and remote power generation.

Woodside Merger with BHP Petroleum

According to a press release, BHP’s (a leading natural resources company) O&G portfolio merged with Woodside in 2022 to create a global energy company committed to delivering long-term value through combined expertise and new growth opportunities.

As a result of the merger, Woodside is reported to be a “top 10 global independent energy company by hydrocarbon production and the largest energy company listed on the ASX (Australian Securities Exchange).”

Petronet LNG Ltd.

Founded: 1998

Location: New Delhi, India

Petronet LNG Ltd. (also known as “Petronet” and “PLL”) is an Indian O&G company formed to import LNG and set up LNG export terminals in the country. It is recognized as “the operator of the world’s largest LNG import terminal.”

Petronet was established by the Government of India (GOI) as a Joint Venture Company (JVC) with equity participation from four O&G PSUs (Public Sector Undertakings), including:

• Bharat Petroleum Corporation Limited (BPCL)

• GAIL (India) Limited (formerly known as “Gas Authority of India Limited”)

• Indian Oil Corporation Limited (IOCL)

• Oil & Natural Gas Corporation (ONGC)

Petronet has set up the following LNG terminals:

Dahej LNG Terminal (Dahej, Gujarat, India): Petronet set up “South East Asia’s first LNG receiving and regasification terminal in India,” which meets around 40% of the country’s total gas demand.

The LNG terminal’s current capacity is 17.5 MMTPA, with an expected expansion of 22.5 MMTPA in two phases.

The Dahej terminal is also “the largest single-location LNG storage and regasification terminal in the country.” On July 7, 2022, it achieved the significant milestone of handling its 3000th LNG cargo. The terminal also offers tolling services to bulk customers and off-takers.

In addition to its existing LNG import facilities, Petronet is considering setting up a floating LNG import terminal at Gopalpur in Odisha, India, to meet the country’s rising energy demand.

Kochi LNG Terminal (Kochi, Kerala, India): PLL commissioned its second LNG receiving, storage, and regasification terminal in Kochi, with a 5 MMTPA nameplate capacity. Situated in the SEZ (Special Economic Zone) near the entrance to Cochin Port, the jetty facility also provides ancillary services like cooling down, storage, and reloading, and bunkering options to increase terminal utilization.

In April 2025, Petronet LNG Ltd announced plans to establish a 50,000 MT land-based LNG terminal at Gopalpur Port in Odisha’s Ganjam district, marking its first on India’s east coast. The project is part of Odisha’s INR 98,880 crore investment initiative, emphasizing the state’s focus on enhancing its energy infrastructure. An MoU for the terminal's development was signed with the Odisha government during a two-day Investors’ Meet in New Delhi.

Cheniere Energy, Inc.

Founded: 1996

Location: Houston, Texas, United States

Cheniere Energy, Inc. (Cheniere) is the leading LNG exporter and producer in the U.S. and the second-largest LNG producer globally.

Cheniere is a full-service LNG provider with gas procurement and transportation, liquefaction, vessel chartering, and LNG delivery capabilities.

The company name is derived from the Acadian word “chene,” which means “oak” and describes groves of oak trees (bent by the Gulf winds) along a series of rising edges from the marshes of Cameron and Vermilion parishes.

In addition, Cheniere has one of the largest liquefaction platforms in the world, including the Corpus Christi and Sabine Pass liquefaction facilities on the U.S. Gulf Coast. The company has a total production capacity of 45 MTPA (approximately) of LNG in operation and an additional 10+ MTPA of LNG under construction.

Corpus Christi Liquefaction: The 1,000+-acre Corpus Christi Liquefaction (CCL) is located in Corpus Christi Bay in San Patricio County, Texas, United States. Currently, CCL has three fully operational liquefaction units (or trains), each designed to produce ~5 MTPA of LNG.

Cheniere is constructing an expansion near the CCL project with an expected total LNG production capacity of approximately 10 MTPA.

Sabine Pass Liquefaction: Cheniere owns and operates the Sabine Pass LNG terminal via its stake in Cheniere Partners.

Since 2016, Cheniere’s Sabine Pass Liquefaction (SPL) has produced more than 2,000 cargoes that have powered homes and factories worldwide.

Currently, Sabine Pass has six fully operational trains, each capable of producing ~5 MTPA of LNG. Cheniere is also developing the “SPL Expansion Project” near the existing SPL project in Cameron Parish, Louisiana, designed for a total expected production capacity of approximately 20 MTPA.

Cheniere Energy Inc. has shipped its first LNG cargo from the expanded Corpus Christi LNG (CCL) terminal in Texas. The CCL Stage 3 project, featuring seven midscale trains, boosts the terminal’s production capacity to over 25 MMtpa, up from 10 MMtpa with its original 10 trains.

Conclusion

As an affordable and abundant energy source, natural gas is impacting lives on a massive scale. With LNG’s role expanding rapidly in the energy mix, LNG is emerging as a cost-competitive substitute for fossil fuel for reliable electricity generation, heavy-duty road transport, shipping, industrial, mining, and other applications.

Currently, the European Union is supporting the Vertical Gas Corridor project to diversify gas supplies in Southeast, Eastern, and Central Europe, with U.S. LNG playing a key role. Developed by nine regional operators, the corridor will boost LNG transport capacity, offering CEE countries greater energy security amid potential Russian gas supply cuts by late 2024. 

Also, the competition in the global LNG market is taking a shift with Venture Global LNG planning to raise about USD 3 billion from its initial public offering in New York that could come as soon as this year. The growing global footprint of companies across the LNG value chain opens up new opportunities for meeting worldwide LNG demand and eliminating energy poverty.

According to Shell LNG Outlook 2025, global LNG demand is expected to rise by 60% by 2040, driven by economic growth in Asia, emissions reduction goals in heavy industry and transport, and the influence of artificial intelligence. However, global LNG trade grew by just 2 million tonnes in 2024, the smallest increase in a decade, reaching 407 million tonnes, due to limited new supply development.

Companies in the LNG industry are striving to meet energy security and environmental goals. As the global demand for natural gas grows, LNG companies are increasingly important in addressing energy shortage needs and enabling a more sustainable energy future.

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