5 Things to Know About Liquefied Natural Gas and Its Role in the Ukraine Crisis

The Russian invasion of Ukraine has put a spotlight on the production and trade of liquefied natural gas (LNG), a key part of Russia’s energy leverage in Europe.   

Before the invasion, Russia was Europe’s third largest supplier of LNG after the U.S. and Qatar, accounting for 20 percent of imports, according to the U.S. Energy Information Administration.  

In March, following the invasion, the Biden administration announced a deal to increase LNG exports to the EU to cover about one-third of imports from Russia.   

Here are five things to know about the LNG industry and its significance in the Ukraine crisis.