LNG Market Crucial for Energy Security and Decarbonization Plans

Global liquefied natural gas markets (LNG) are in a prolonged state of flux. The ongoing Russian war in Ukraine has continued to create waves in global energy markets, and the instability has resulted in significant price volatility across markets. While LNG prices have fallen recently, they are still extremely high, at double the average price for liquified natural gas over the last five years, placing a major squeeze on net importers of the fossil fuel. Just this week, the International Energy Agency (IEA) announced that it will introduce…