IGU World LNG Report: 2022 Most Turbulent Year in NatGas History

Yesterday the International Gas Union (IGU) released its 14th annual 2023 World LNG Report--the world’s most comprehensive public source of information on key developments and trends in the LNG sector (full copy below). With the Russian invasion of Ukraine, the gas markets went wild last year. The IGU report calls 2022 the "most turbulent year of gas markets" in history and says, "LNG demonstrated essential value as a flexible, reliable, available energy resource for a secure energy transition." Forget about the energy transition nonsense in that statement. The fact is, LNG saved the day over the past year plus. LNG, particularly U.S. LNG, pulled Europe's bacon out of the fire.

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