It is necessary to accelerate the phase out of our dependency on Russian energy, including through energy savings and gas demand reduction, in a manner consistent with our Paris commitments, and address the global impact of Russia’s war on energy supplies, gas prices and inflation, and people’s lives, recognizing the primary need to accelerate the clean energy transition. In this context, we stress the important role that increased deliveries of LNG can play, and acknowledge that investment in the sector can be appropriate in response to the current crisis and to address potential gas market shortfalls provoked by the crisis.