Europe doesn’t manage to switch to LNG

Yesterday, at the opening of the St. Petersburg International Gas Forum,the head of Gazprom, Alexei Miller said that European terminals for liquefied natural gas were only 20% loaded. This means that Europe has not managed to diversify its gas supplies, and the Baltic LNG plant, which is being constructed on the coast of the Gulf of Finland, has good prospects to at least partially load the idle terminals.

The main theme of the Alexei Miller’s speech was the state of the global gas market. Mr. Miller paid particular attention to the segment of LNG, assessed its prospects as quite modest. "We see the development of several regional LNG markets - North America, Asia. But these markets are being developed in different ways and have different perspectives, and the most important is the fact that the LNG production took 30% of the consumption in these regions, and then stopped. And today we can predict that the share of LNG won’t change in the medium and long term,"- said Mr. Miller. According to him,