Increased global liquefied natural
gas production has eased Europe’s dependence on pipeline
deliveries, said Christof Ruehl, BP Plc’s chief economist.
Global LNG supply is expected to rise by 23 to 24 percent
this year and grow 11 percent next year, Ruehl said in an
interview in London. LNG production advanced 8 percent last
year, he said.
“These are big numbers,” Ruehl said. “As a consequence,
the market is rebalancing with more in Europe consuming LNG and
with pipeline imports and domestic production going down.”
Qatar, Nigeria, Yemen and some other nations are boosting
LNG supplies to the world markets. Russia, Norway and Algeria
are the largest suppliers of the fuel through pipelines to
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