• LNG has already demonstrated it is an effective tool to mitigate supply shortfall / demand spikes, e.g. :
► Japan post Fukushima
► Chile post curtailment of imports from Argentina
► Brazil to face droughts impacting hydro-based power production
► Israel & Jordan post curtailment of imports from Egypt
• Recent past
► LNG demand worldwide
► European gas balance • Scenario for the future
► LNG supply
► LNG demand
► European gas balance ► LNG price
• Takeaways
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