BP Says Increased LNG Supply Reduces Europe’s Pipe Gas Imports

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.