Wednesday, March 8, 2023

Energy Investment Banker Says Europe's Energy Crisis Not Over, May Get Worse

 Europe's energy crisis is not over and may get worse, Guggenheim Securities Senior Managing Director Michael LaMotte said on Tuesday.

"Europe may have got through this winter surprisingly well but I don't think we're out of the woods yet. It's actually going to get worse before they get better," LaMotte said in a panel discussion during CERAWeek in Houston, RIA Novosti reported.

LaMotte mentioned that currently there is no functionality in the gas market because of infrastructure constraints, which may take years to solve.

However, LaMotte said there is talk about doubling or even tripling Liquified Natural Gas (LNG) export capacity in the US.

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