Statoil sees limited US LNG impact in Europe this year
OSLO, April 29 (Reuters) -- The European natural gas market is well supplied by pipeline gas from Norway and Russia, Norway's Statoil said this week, adding that it expected only limited impact from US LNG supply this year.
"Looking at the gas market moving forward, the starting point is that the European Union gas market is well-supplied short-term -- both with gas from Russia and from Norway and potential some new LNG volumes coming in," Statoil's chief financial officer Hans Jacob Hegge said.
"So far this year, we see limited US LNG volumes reaching the EU," he said.
Hegge said demand for Norwegian gas could increase due to production caps at the Groningen field in the Netherlands, while additional LNG supply from Australia is likely to go to Asia.
(Reporting by Nerijus Adomaitis and Stine Jacobsen; editing by Jason Neely)
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