Equinor expects tight European summer gas market

Europe's need to refill storages, left two-thirds empty after the winter, will keep the gas market tight and require a rise in liquefied natural gas supply, the CEO Anders Opedal of Equinor, the continent's largest gas supplier, said on Wednesday. European gas storage sites ended the winter heating season at their lowest level since 2022 as a result of colder weather and lower wind speeds, which increased demand for gas. Opedal said Europe would need around 200-300 more cargoes of LNG than last year.