LNG Market Is Extremely Tight: Flex Lng CEO

The transcript discusses the European energy crisis, highlighting the tight gas market and high prices even before the Ukraine conflict. It covers Russia's demand for ruble payments, affecting corporates. The shift in LNG trade flows from Asia to Europe is noted, driven by financial incentives. The global energy crisis is addressed, with a focus on the US-EU agreement to reduce dependence on Russian gas. Europe's efforts for energy independence, including fast-tracking LNG terminals, are explored. The impact on Flex LNG's profitability due to market changes is also discussed.

What factors contributed to the tightness of the gas market in Europe?

How did the price of European gas fluctuate before and after the situation in Ukraine?

How has the shipping industry been affected by the demand for LNG in Europe?

In what ways has the demand for LNG changed in the last six months?

What is the significance of the agreement between the US and the EU regarding LNG supplies?

What steps are European countries taking to achieve energy independence from Russia?

What challenges do poorer countries face in accessing LNG during the current energy crisis?