LNG

Sky-high and volatile gas prices are the result of “inadequate supply,” the International Energy Agency (IEA) says, pointing at LNG capacity outages, limited feedgas, and a small number of final investment decisions (FIDs) for new liquefaction projects. But demand dynamics changed drastically with Russia’s invasion into Ukraine. The first cargo from Venture Global’s new Calcasieu Pass LNG terminal is expected to herald a wave of new US project sanctions as Europe is seeking to reduce its dependence on Russian gas; our Markets Editor Anja Karl investigates.

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