Europe’s LNG Imports Overtake Pipeline Gas for First Time
- Continent was seen as a premium market, helping lure more LNG
- Region is rethinking its energy mix after Russia curbed supply
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Europe’s liquefied natural gas imports surpassed those coming to the continent via pipelines for the first time last year, according to data from the Energy Institute.
The shift signals that the continent is rebuilding its energy infrastructure quickly while breaking ties with Russia after the invasion of Ukraine. The reversal is even more meaningful since global gas production remained relatively constant in 2022, compared with a year earlier, the EI’s annual statistical review of world energy shows.