(Montel) European efforts to move away from Russian gas would exacerbate a global tightness in supply of the chilled fuel likely to persist well into next decade, an analyst with consultancy McKinsey said on Wednesday.
There had been around a 50bcm rise in LNG deliveries to Europe this year, versus 2021, putting pressure on already limited availability, said Xavier Veillard, at an energy trading conference in London.
“We already have a tight supply scenario and going forward – even in years we thought would be in balance – it will be very tight,” he said, with the firm estimating a 105-115m tonnes/year…
