Maritime Executive: Analysis: EU’s LNG Supply Won’t Fully Offset Loss of Russian Gas

Poten expects that EU buyers will remain dependent on the spot market, not long-term contracts, and this could limit its ability to use LNG to fill the gap left by Russian pipeline supplies. Before the war, the EU imported about 110 million metric tonnes of gas per year (MMt/y) via pipeline, and Poten predicts that the most that European importers can hope to replace with LNG is about 60 MMt/y.

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