Energy majors re-route LNG supplies from Europe to Asia

January 20, 2021/in /by Rudolf Huber

Thats Europes best contribution to the global LNG market. And it’s pretty much alone here as no other region on Earth has the capability to release big volumes of LNG destined to go to Europe for use somewhere else or on the other side to swallow big volumes of LNG at times when it is not so needed. Europe is the ultimate dump and this has value. For this alone it would be worth building more regasification capacity in North-Western Europe. Producers, Traders, Asian buyers – take note.

Global energy majors including Royal Dutch Shell and Total are expected to benefit most from January’s gas price spike, beating rival trading houses and non-integrated producers thanks to their access to multiple sources of the…

www.euractiv.com

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