A method for liquid air and gas energy storage (LAGES) which integrates the processes of liquid air energy storage (LAES) and regasification of liquefied natural gas (LNG) at the import terminal through the exchange of thermal energy between the streams of air and natural gas (NG) in their gaseous and liquid states and includes harnessing the LNG as an intermediate heat carrier between the air streams being regasified and liquefied, recovering a compression heat from air liquefier for LNG regasification and utilizing a cold thermal energy of liquid air being regasified for reliquefaction of a part of send-out NG stream with its return to LNG terminal.