European demand to boost LNG competition over next two years, Shell says

A tanker loaded with liquefied natural gas is moored at the floating terminal in Wilhelmshaven, Germany, on Jan. 3.Sina Schuldt/The Associated Press Europe's growing need for liquefied natural gas will boost competition with Asia for LNG over the next two years as supply remains limited, Shell said on Thursday. European countries, including the U.K., imported 121 million tonnes of LNG last year, up 60 per cent from 2021, to cope with cuts to Russian piped supplies, Shell SHEL-N said in its LNG outlook for 2023. A drop in Chinese demand by 15 million tonnes as well as reduced imports by…