2min chapter

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Europe Breaks Up With Natural Gas

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CHAPTER

Global Gas Prices - What's Next for Europe?

Europe needs to replace a lot of this Russian gas with expensive LNG. Structurally, we don't really see a large increase in liquefaction capacity until Qatar's mega expansion comes online around 2025. The US is a major beneficiary of high global gas prices because they also source markets in Asia. But then once again, it all depends on the willingness to pay these higher prices at a country level.

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