Extra leeway for LNG deliveries from the US to the EU may very well be created not solely by turning away from Russian fuel, but additionally from different sides, Commerzbank’s commodity analyst Barbara Lambrecht notes.
EU unlikely to need to rely upon a single LNG provider
“The Emirate of Qatar, at the moment the EU’s third-largest LNG provider with a share of just below 12% of EU LNG imports, has threatened to cease fuel provides if the EU doesn’t take away sure local weather safety necessities from its Company Sustainability Due Diligence Directive.”
“The latter is to be transposed into nationwide regulation by July 2027. This leaves loads of time for negotiations. There may be more likely to be a powerful willingness to barter on either side, as Qatar wants patrons for its rising LNG provide: in keeping with the IEA, the emirate plans to develop its annual liquefaction capability by a cumulative 65 billion cubic metres by 2030.”
“On the similar time, the EU is unlikely to have any curiosity in changing into too depending on a single LNG provider, on this case the US.”
