Surf's up for LNG in Europe
Everyone expected a wave of supply to be hitting Europe’s market by now. It hasn’t arrived yet, but it will
The wave of liquefied natural gas expected to hit European shores in 2016 didn’t arrive, nor is it likely to in 2017, though volumes should be higher. But a global glut is approaching and it makes 2018 the year when Europe should see a surge in supply and possibly a price war erupt with Russian pipeline gas. In a February report, the Oxford Institute for Energy Studies (OIES) likened the predictions of an LNG surge to Europe—often referred to as the “market of last resort” due to European prices tending to be the lowest on offer globally (if you exclude the net-exporter US)—as the boy who cried wolf. “Since 2015 analysts and researchers have announced the imminent arrival of a surge of LNG i
Also in this section
1 April 2026
Golden Pass’s startup offers QatarEnergy a timely boost but may also force a difficult choice between honouring disrupted contracts and capitalising on soaring spot LNG prices
1 April 2026
It is not a case of if or when, but the length and magnitude of economic damage from elevated oil prices
1 April 2026
The US-Iran conflict demonstrates the need for diversification in several senses of the word. It also exposes the limits of Washington applying pressure on major oil and gas producers it considers geopolitical adversaries
31 March 2026
Disappointing results in its bidding round are a reality check for Libya, and global exploration generally
