The EU’s race to replace Russian pipeline gas lies behind the unprecedented surge, according to Refinitiv Imports of liquified natural gas (LNG) by global consumers in 2022 totaled 409 million tons, compared to 379.6 million tons in the previous year, according to data from Refinitiv, as cited by Reuters. The record volumes were reportedly due to soaring demand, especially from the EU, which emerged as the premium market for the super-chilled fuel as it rushes to reduce supplies of Russian pipeline gas. The region is estimated to have purchased around 25% of all LNG traded in 2022, winning the competition with Asi
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