EU and UK demand for LNG skyrockets

Imports jumped 60% in 2022, the energy giant reports The EU and UK significantly increased liquefied natural gas (LNG) imports last year and the trend is expected to continue, causing structural shifts in the global energy market, British energy giant Shell reported in its LNG Outlook for 2023, published on Thursday. According to Shell, the EU and UK imported 121 million tons of LNG in 2022, an increase of 60% compared to 2021, as they struggled to find supplies after effectively losing pipeline gas flows from Russia. Europe secured LNG supplies due to a drop in demand from China and a decrease in South Asia’s imp

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