Europeans have started to sharply increase the purchase of LNG, thus destabilizing the entire market. Experts forecast that demand for the raw material in the world by the end of the year will exceed supply by 26 million tons.
Poor countries could be hit hard as a result.
“By refusing Russian gas, Europe has destabilised the entire global LNG market. All the conditions for a sustained supply shortage, rising prices and intensified gas geopolitics have emerged,” analysts say.
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