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European gas supply diversification: the role of Middle Eastern and African LNG

This paper highlights the critical role of LNG in meeting European gas demand, with the U.S. supplying approximately 57% of Europe’s LNG in the reference case by 2040. Middle East and Africa exporters offer Europe a competitive option for diversifying its LNG supply with the potential to reach an LNG market share of 35% by 2040 in a scenario factoring in MEA expanded LNG capacity. This market share will slow down the anticipated aggressive penetration of U.S. LNG.

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