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)
- ExxonMobil halts 1-Bft3d blue hydrogen project in Texas
- Aramco and Yokogawa commission multiple autonomous control AI agents at Fadhili gas plant
- Ukraine will resume gas imports via Transbalkan route in November
- Mitsubishi to inject $260 MM into Brunei LNG project
- Freeport LNG (U.S.) on track to take in more natgas on Thursday after unit outage
Comments