Europe increases LNG imports by 60% following a slump in Russian pipeline imports.

Global LNG trade hits 397 million tonnes, an increase of 16 million tonnes compared to 2021

60%
LNG storage tank illustration

Gas and LNG prices hit record levels in 2022, as Russian gas exports dwindle

Graph illustration price, Grey line increasing indicates TTF (2022) and Orange line increasing indicates JKM (2022), the relatively level Red line shows HH (2022)

European countries implement widespread policies and regulations to secure energy and control costs

South Asia map

Lasting impact on global emissions as high LNG prices spur fuel switching, including coal use in Asia

LNG Supply scales balancing both Europe and rest of the world landmasses

Global LNG market to remain tight to mid 2020s as Europe and Asia compete for limited new LNG supply

LNG becomes a core energy supply source for Europe causing structural shifts in the global market

More supply needed to meet increasing LNG demand

Graph showing increasing LMG demand in both the EU and China
Graph showing the mismatch between supply and demand

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