Reuters: Europe could need extra $11 billion of gas to refill winter stores

April 1, 2025

With more gas to buy and fewer supplies coming by pipeline, Europe will need to rely on globally traded LNG and pay a premium to attract cargoes in competition with buyers in Asia. “Europe will have to buy fairly aggressively this spring and summer to refill inventories,” Jason Feer, global head of business intelligence at energy and shipping brokerage Poten and Partners, told a webinar. “What may happen is that the November 1 target is going to be delayed so it will give more wiggle room or more room to manoeuvre for European importers to meet targets this year,” senior LNG analyst Steven Swindells at Poten and Partners said. To read the full article, please click here.