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
17 January 2025
Supply glut or supply deficit are both plausible outlooks, with tariffs and sanctions among the key risks that could swing the pendulum
17 January 2025
European Commission is on its way to meeting clean energy goals, but energy security concerns and higher costs may give it second thoughts
17 January 2025
The CEO of QatarEnergy has highlighted the potential impact a new EU directive could have on energy exports to the continent
16 January 2025
The government’s resource nationalism is aggravating the NOC’s debt position and could yet worsen if also tasked with the decarbonisation shift
