Paul Wiseman discusses the sudden increase in LNG projects and contracts in the wake of Russia’s war in Ukraine As the eu and other countries have pledged to stop purchasing Russian fossil fuels – especially natural gas – that decision has created a shortage of gas on the international market. The EU and others are scrambling to pivot to LNG by building new regasification plants and searching for available trading partners. This is a tall order, as the International Energy Agency (IEA) reports that 45% of the EU’s 2021 natural gas imports originated in Russia, and that this gas made […]
