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EU demand to drive protracted LNG tightness – McKinsey


28 Sept 2022 12:56

28 Sept 2022 12:56

(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…

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