とまりん♪
He stated that he does not believe China or India are moving away from LNG, but they are looking for it to be priced competitively compared to other options, which for these countries typically includes coal.
According to him, these countries still hold a positive view towards LNG, "but at a specific price range, which is near $8 to $10, and does not exceed $10 per 1 Mbtu."
He also notices a high level of demand for LNG from Europe, where the current underground storage capacity is at 40%, which is lower than the average of 65% over the past five years.
In the long term, Sawan also supports LNG, which he describes as "an increasingly stabilizing force in most energy systems." He pointed out the case of Europe, which is shifting toward renewable energy sources, which are not always reliable. As a result, Europe will need reliable energy sources to balance this transition, and LNG is fulfilling that role. This is already evident from Europe's high LNG imports.
source: bloomberg.com
According to him, these countries still hold a positive view towards LNG, "but at a specific price range, which is near $8 to $10, and does not exceed $10 per 1 Mbtu."
He also notices a high level of demand for LNG from Europe, where the current underground storage capacity is at 40%, which is lower than the average of 65% over the past five years.
In the long term, Sawan also supports LNG, which he describes as "an increasingly stabilizing force in most energy systems." He pointed out the case of Europe, which is shifting toward renewable energy sources, which are not always reliable. As a result, Europe will need reliable energy sources to balance this transition, and LNG is fulfilling that role. This is already evident from Europe's high LNG imports.
source: bloomberg.com
