The United States has climbed the ranks to take the spot as the world’s top exporter and producer of liquified natural gas (LNG), while China has claimed the spot as the world’s top importer, reports OilPrice.com.
The oil and gas power changes have led to market volatility, which is compounding on the European energy shortage to create an unpredictable year ahead.
“Gas markets have become highly volatile, trading up and down on single days in ranges they barely covered over decades.”