Analysis | Is Natural Gas About to Become a Buyer's Market? - The Washington Post
Europe Can See a World Flush with LNG From the US, Qatar - Bloomberg
Is Natural Gas About to Become a Buyer’s Market?
It’s not too soon for Europe to plan for a world flush with LNG supplied by the US and Qatar.
An LNG tanker for Qatar under construction in South Korea in 2020. Photographer: Bloomberg/Bloomberg
For the second straight winter, Europe’s energy strategy is based largely on hopes for mild weather and reduced industrial demand, with gas prices still hovering at about 50 euros ($53) per megawatt-hour, more than double the average in the decade before Vladimir Putin’s invasion of Ukraine.
But it’s not too soon to begin imagining — and planning for — a less desperate future: instead of a world of scarcity, one of abundant liquefied natural gas supplies provided by the US and Qatar.
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Is Natural Gas About to Become a Buyer’s Market?