Without Russian pipeline gas, Europe’s demand for LNG is projected to increase 150% from 2021-2040. And while US LNG is already flowing to Europe at record levels, significantly more will be required to fully rebalance European gas markets.
As global natural gas markets continue to tighten and Europe braces for a challenging winter, the American Petroleum Institute and the International Association of Oil and Gas Producers released a new analysis of Europe’s natural gas market and highlighted the immense potential of U.S. LNG to help Europe strengthen its energy security.