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Europe can import almost 40% more liquefied gas than last year, BloombergNEF reports.
Europe may compensate for completely stopping gas supplies from russia.
The BNEF report indicated that the region could import almost 40% more LNG during the coming winter than last year and increase purchases next summer by about 14% to rebuild lost inventories.
The publication emphasized that despite the drop in demand due to high energy prices, these supplies are enough to cover the complete halt of russian pipeline flows from October 1.
To get the extra fuel, European buyers would have to buy 90% more LNG on the spot market than they have secured under long-term contracts. It will further increase competition with Asia.
