Last year, the value of global liquefied natural gas (LNG) trade reached a record high - 450 mln.

It has risen to USD.

"APA-Economics" informs about this with reference to the new report of the International Energy Agency (IEA).

"Despite an increase of only 5.5% in terms of volume, the value of global LNG trade will double in 2022 to 450 billion.

It has reached an all-time high with the US dollar," the report states.

It is reported that the global energy and gas crisis caused by the Russia-Ukraine conflict has pushed spot gas prices and LNG import bills to record levels in key Asian and European markets.

"LNG has played an important role in mitigating the impact of Russia's sharp reduction in pipeline gas supplies to the European Union and helped prevent gas supply shortages in 2022," the report emphasizes.