Vitol has described the short term outlook for LNG as “bleak” due to an “incredibly” oversupplied market.
“We had record imports of LNG into Europe,” Pablo Galante Escobar, Vitol’s head of LNG, told the FT Commodities Global Summit in Switzerland, reports Reuters.
“Three years ago we saw 63 cargoes in one month, in March we see 125 cargoes, April and May we expect 150 and 170 cargoes...
