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Viewpoint: Europe Needs a Plan B for Winter LNG Supplies

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Slightly positive news that European natural gas storage injections are on course to meet the EU’s 80% full by Nov. 1 targets despite reduced Russian volumes have eased concerns that the EU is not prepared to face the coming winter season. However, Europe might not be out of the woods yet. Its reliance on LNG imports to compensate for Russian piped supplies are another weak point in its already-faltering energy policy. It is imperative that Europe crafts a strategy to cope with a winter without plentiful spot LNG supply alternatives at its disposal.

Topics:
Gas Supply, LNG Supply, LNG Trade, LNG Spot Trade, Gas Inventories, Gas Demand, LNG Prices, Gas-Fired Electricity, Ukraine Crisis
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