Europe must send price signals to lure back its LNG

Europe must send price signals to lure back its LNG:



"In a speech about LNG perspectives on the supply side for the European gas sector, at the European Gas Conference in Vienna, Austria, Laurent Vivier, SVP Strategy, Markets & LNG, TOTAL Gas & Power, commented that energy security was the “white elephant in the room.”



His presentation included a chart displaying gas supply-demand balance for the EU 28 plus Norway and Switzerland, which stacked up various sources of supply and showed the delineation between flexible supplies (like spot LNG) and inflexible supplies (like take-or-pay contracts from Gazprom). The demand trajectory in the figure showed a slight uptick around 2022, the time when he said it will be necessary to balance supply with demand.



“When we talk about security of supply, there is enough gas to supply Europe,” commented Mr. Vivier."



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