Although Europe’s supply picture will be buoyed in years to come by United States LNG exports, the number of cargoes heading east across the Atlantic will be “limited”, according to a report released by Russian investment bank VTB Capital on Wednesday.
“We do not expect [US LNG] to be a panacea to comparatively high European gas prices,” said VTB in its European Gas Market Outlook, pointing to the potentially flawed economics of delivering US cargoes to Europe.
VTB estimates show a US gas price of $5/MMBtu could be delivered...
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