Since Russia invaded Ukraine on 24 February 2022, liquefied natural gas (LNG) has become the world’s emergency energy source. It does not require years to lay the ground and build extensive infrastructure before it can be developed and transported, as with oil and gas sourced and moved from major fields through pipeline networks. It also does not necessitate years of high-level political negotiations with key supplier countries to secure long-term access to their oil and gas flows. Instead, LNG can be sourced and bought fast in the spot market…
