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Europe could become more attractive for US LNG

US LNG suppliers could struggle to gain significant market share in Europe because of poor demand growth and competition from piped supplies US LNG suppliers could struggle to gain significant market share in Europe because of poor demand growth and competition from piped supplies.
By Andrew Walker 31 October 2018 0 33128
The Meridian Spirit loading a cargo for India’s Gail at Sabine Pass LNG The Meridian Spirit loading a cargo for India’s Gail at Sabine Pass LNG. (Cheniere)

A combination of Chinese tariffs and higher shipping costs will see more US LNG delivered into Europe over the over the next few years, delegates at the KNect365 LNGgc conference in London heard on Tuesday.

However, whether this trend continues in the long term will depend on the strength of Europe’s gas demand and the competitiveness of US LNG compared with other supply sources.

Sam White, director of commercial structuring at Cheniere Energy, anticipates that Europe could import up to 200 mt of LNG by 2030, up...