, Columnist
Is Natural Gas About to Become a Buyer’s Market?
It’s not too soon for Europe to plan for a world flush with LNG supplied by the US and Qatar.
An LNG tanker for Qatar under construction in South Korea in 2020.
Photographer: Bloomberg/BloombergThis article is for subscribers only.
For the second straight winter, Europe’s energy strategy is based largely on hopes for mild weather and reduced industrial demand, with gas prices still hovering at about 50 euros ($53) per megawatt-hour, more than double the average in the decade before Vladimir Putin’s invasion of Ukraine.
But it’s not too soon to begin imagining — and planning for — a less desperate future: instead of a world of scarcity, one of abundant liquefied natural gas supplies provided by the US and Qatar.