Pierre Andurand: Europe Can Replace Large Part Of Russian Gas With LNG

Europe has been importing record volumes of LNG this year to replace pipeline gas from Russia, and LNG supply will go a long way in ensuring most of the lost Russian supply is replaced, popular hedge fund manager Pierre Andurand told Bloomberg’s Odd Lots podcast. At the current pace of Europe’s liquefied natural gas imports, LNG supply corresponds to about two-thirds of lost Russian supply, Andurand said.

Moreover, the hedge fund manager added that Europe is adding more import capacity to welcome more LNG cargoes this winter. Countries…