The role of liquified natural gas (LNG) in Europe has evolved significantly in the last five years, with every indication that the ship-transported fuel – and the disputes that go with it – will continue to be a mainstay in the European energy mix.
This article reflects on the changed role of LNG in Europe over the last several years and addresses certain of its ongoing challenges, including those arising in light of the 2022 Russian cuts to pipeline gas and the latest developments in the Middle East. For those European buyers entering the LNG market or expanding their portfolio within it, a close consideration of contractual terms and the context in which they may be exercised will be an issue of top priority.
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