Diversifying with LNG
Encouraging the construction of LNG import terminals to receive shipments of liquefied natural gas likely would have provided important opportunities for diversity and security of supply. Such diversity could have kept Europe connected to other options.
It’s worth noting that over the past few decades, the countries of the Asia-Pacific region took a different approach. They grew their ability to import LNG, significantly reducing their vulnerability to supply disruptions and keeping them connected to diverse supply. After all, LNG can be shipped from almost anywhere in the world.
And many countries signed stable, long-term contracts with trusted suppliers – connections that further enhance the ability to protect their citizens and their economies.