Europe’s frantic search for gas supplies in the wake of Russia’s invasion of Ukraine is being stymied by buyers’ unrealistic demands, TotalEnergies SE’s chief executive officer said.
A recent news article published in the Energy Now states that unrealistic demands hindering European LNG Deals, according to Total CEO.
The answer is no
Replacing the Russian pipeline gas flows
Gas prices have surged to more than seven times their typical seasonal levels, bringing the European economy to the brink of recession. Buyers are pushing for short-term contracts to buy liquefied natural gas but aren’t prepared to pay higher prices, Pouyanne said.
Several European leaders have visited Doha trying to secure more gas. The latest is German Chancellor Olaf Scholz, who is scheduled to visit Sunday. Germany relied more heavily than its neighbors on Russian gas.
“It’s not a matter of politics,” Pouyanne said. “It’s a matter of delivering price and volumes.”
Did you subscribe to our daily Newsletter?
It’s Free! Click here to Subscribe.
Source: Energy Now