A tight LNG market will only get tighter should tensions between Russia and Ukraine boil over with Europe potentially looking at a gas crisis.
With Russian troops massing at the Ukrainian border and many expecting an invasion, Evercore analyst Sean Morgan said should Russia strike, the US and its allies would likely counter with sanctions on Russian gas exports.
The sanctions would hit a market with little gas available to export and send the European Union looking for a new source for more than 40% of its LNG and depleted reserves.
