Moreover, geopolitical dynamics play a vital role in the expansion of the LNG market. Countries reliant on energy imports are looking to diversify their sources to enhance energy security and reduce dependence on a single supplier. For instance, European nations have been increasingly turning to LNG to lessen their reliance on Russian gas, especially in light of recent geopolitical tensions. This diversification not only stabilizes energy prices but also encourages investments in infrastructure that support LNG trade.
