LNG: European thirst for natural gas puts Bangladesh and Pakistan in the dark | DW News
October 14, 2022
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5:46Now PlayingLNG: European thirst for natural gas puts Bangladesh and Pakistan in the dark | DW News
YouTube Description
as posted by the channelEuropean countries have already bought more liquefied natural gas (LNG) in 2022 than in any year previously. The surge in demand followed Russia's invasion of Ukraine, with various European governments rushing to end their dependence on Russian energy as quickly as possible.
In the nine months from January to September, European nations' demand for LNG rose dramatically according to data provided to DW by the analytics group Independent Commodity Intelligence Services (ICIS). Demand in France rose by 88% compared with the same period in 2021, the Netherlands by 109% and Belgium by 157%.
However, Europe's thirst for LNG is having negative consequences for countries in other parts of the world which already import the super-chilled fuel in large volumes. Prices are soaring and less LNG is up for grabs on the market, making it a much less viable option for poorer countries.
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