Making bold assertive statements is never a prudent strategy for any analyst, regardless of the topic to be examined. Risking the peril of not seeing the sudden twist behind the corner, a seemingly unavoidable assumption is to be put forward – this year is going to be much weaker for the European LNG market than was generally assumed. Moreover, the prime reason for LNG failing to repeat the all-time highs of the 2019/2020 winter season lies not with COVID-19 and its ramifications but with impressive competition between Europe’s pipeline suppliers between each other as well as between pipeline gas in general and LNG deliveries from other continents. With this, the battle for a European market share begins once again. Graph 1. LNG Imports into Europe in 2017-2020 (million tons LNG per month). Source: Thomson Reuters. Especially now, with Denmark announcing its gradual phasing out of North Sea production and […]