$2 Gas in Europe is Here: Who Blinks First?

The author re-examines the rising LNG supply coming onto the market this year, and the prospects for LNG imports outside Europe. In Europe the summer demand and indigenous production situation will be considered, together with the rising level of gas in storage, to assess the supply gap for pipeline and LNG imports. Possible outcomes will be discussed to see which of the suppliers to Europe – indigenous production from Norway, pipeline imports from Russia, Algeria and Azerbaijan or LNG imports – will blink first. Source: Mike Fulwood, OIES