Europe’s imports of piped gas and LNG increased by around 6% on an annual basis in 2017 and the region’s LNG imports could continue to grow moderately in the short term. However, material increases in LNG’s share of the import mix look likely to be a mid-to-long-term development. And with significant potential for gas demand growth to remain weak through the long-term, the competition for a share of Europe’s imports could be tougher for longer - despite declining indigenous supplies.
Europe’s gas demand is expected to...
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