TotalEnergies CEO says US LNG can’t replace Qatar for Europe

AI Summary

TotalEnergies CEO Patrick Pouyanne stated that while U.S. LNG production is increasing, it cannot fully substitute Qatari LNG supplies for Europe’s winter energy needs. These remarks were made during a French parliamentary hearing amid Middle East tensions affecting energy markets.

Higher U.S. liquefied natural gas production is helping but cannot replace Qatari supplies for Europe next winter, TotalEnergies CEO Patrick Pouyanne said on Wednesday. Pouyanne made the comments while speaking to French lawmakers during a hearing by the economic affairs commission on the Middle East crisis. The CEO warned that if Qatari LNG supply does ...