Europe Optimal Market for Senegal’s Gas, President Sall Says

September 24, 2022/in /by Rudolf Huber

Yes, for the moment it is. Just don’t forget that LNG is a long-term industry and short-term developments won’t give you what you want for the 20 years it takes to write off your investment. Europe is the highest-priced market right now but on average over the last 20 years, Asia was the top dog for about 98% of the time. Europe’s gas woes are violent right now but Europe will also learn to resolve its issues and some Russian gas will also come back in time. The world is short right now. It has been short before, it went long not long after that. Every time. Enjoy the party while it lasts, but be aware that it will end. It always does.

Europe Optimal Market for Senegal’s Gas, President Sall Says - BNN Bloomberg

Liquefied natural gas produced from a $4.8 billion West African project set to come online in the third quarter of next year will likely be exported to Europe and Asia, according to Senegalese President Macky…

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