Europe Awakens for LNG to Rival China as Own Gas Runs Out
- Summer LNG send-outs from European terminals seen rising: Axpo
- U.S. exporters target Europe as growing market in coming years
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Europe is starting to steal some of the limelight from China’s booming liquefied natural gas demand as imports pick up after several lackluster years.
Europe and China will be comparable in significance as importing regions in the coming years, Cheniere Energy Inc. said, citing data from Wood Mackenzie Ltd. That follows “absolutely phenomenal” growth in China last year, Andrew Walker, vice president for strategy at the company that pioneered the transformation of the U.S. shale boom into global exports, said in Amsterdam.