News and Opinion: July 15, 2022. Europe's Demand for LNG is Depriving Other Countries From Getting it

The Europeans need their gas in order to maintain their "standard of living". They have "sanctioned" Russia and they do not know if there is going to be Russian gas available in the winter. Because of all this, Europe has increased its purchases of LNG, mainly from the United States. This has had the effect of increasing its price and of decreasing the available amount for other nations.

Pakistan has seen a decrease of about 15% in its imports of LNG. This has led to blackouts because its power plants do not have enough natural gas. The same situation is repeating for other countries which need LNG.

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