LNG

Europe can take US LNG without building new terminals – OMV CEO

Europe does not need to build new terminals to buy LNG from the United States, according to the chief executive of Austria’s OMV.
By Staff reporter 3 August 2018 0 32004

Europe does not need to build new terminals to buy LNG from the United States, Rainer Seele, chief executive of Austria’s OMV, said at an earnings conference on Thursday.

“If you take a look at the capacity utilisation of European terminals, you will find it is so low the Europeans don’t necessarily have to build new terminals in order to be able to buy US LNG,” said Seele.

The European market is open to US LNG if the price is right,...