The global liquefied natural gas (LNG) market has undergone significant changes since the beginning of the 21st century. Initially, a few countries dominated LNG exports, but by the end of 2022, there were 20 active exporting countries, with the United States, Australia, and Qatar leading in exports. Despite fluctuations in exported quantities, there is a clear trend of increasing exports, which reached a record level of 401.5 million tons by early 2023, while the total liquefaction capacity amounted to 478.4 million tons of LNG annually, with floating LNG terminals emerging as cost-effective solutions. During the same period (2011 to 2022), the number of importing countries increased from 25 to 46, with the regasification capacity reaching 901.9 million tons annually by the end of 2022, with Japan, South Korea, and China as the main markets. The emergence of floating storage and regasification units (FSRUs) has provided flexibility and cost advantages, especially in Europe, in response to geopolitical tensions. Market activity is also reflected in the expansion of the LNG transportation fleet, with an increasing number of new, larger vessels being introduced each year. New propulsion systems for ships and innovations in tank construction are being developed. Due to the rising price of steel in the global market and increasingly stringent environmental regulations that LNG transport vessels must comply with, the cost of ships is increasing, and delivery times are being extended. Despite these limitations, exporting countries, especially Qatar and the United States, announce significant investments in new projects and the expansion of existing terminals, indicating that the liquefied natural gas industry will remain highly active in supplying the world with sufficient quantities of natural gas in the future.