High gas prices, energy security fears impede decarbonisation push

Energy security has become a top priority for importers as forecasts of tighter gas supplies and volatile prices in the next few years are keeping buyers on edge and impeding the push towards decarbonisation, energy executives said.

Europe is importing record volumes of liquefied natural gas (LNG) as gas from its top supplier Russia has been disrupted following the Ukraine crisis. That drove prices in Europe and Asia to all-time highs earlier this year, fanning inflationary pressure and retarding efforts by countries to switch to gas from coal to reduce pollution and carbon emissions.

"Geopolitical conflicts have made gas markets unstable," Yalan