An association of 84 companies involve in global liquefied natural gas (LNG) trade is working to ensure that a stable supply of LNG remains available as the Russia-Ukraine conflict continues to escalate.
As uncertainty persists over Europe’s economic stability and rising energy prices, concerns have been raised over the potential reduction or disruption of Russian natural gas supplies and the increased risk of energy shortages.
The lack of policy and necessary framework could create an environment in which higher amounts of coal and oil are burned, putting into question the attainment of net zero targets.
The sustained provision of LNG could help lower the risk of incoming energy shortages, according to members of GIIGNL – the International Association of LNG Importers.
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