(Bloomberg) — Europe’s frenzied buying of liquefied natural gas means it’s likely to have enough of the power-generation fuel this winter to offset supplies from Russia, according to BloombergNEF. Most Read from Bloomberg John Paulson on Frothy US Housing Market: This Time Is Different Stocks, Commodities Drop; US Treasury Yields Surge: Markets Wrap UK Market Selloff Slams Gilts, Pound, Piling Pressure on BOE Everything-Selloff on Wall Street Deepens on 98% Recession Odds Wall Street Banks Prep for Grim China Scenarios Over Taiwan The region may import almost 40% more LNG during the coming winter than in the prior year, while it may increase purchases next summer by about 14% to rebuild lost inventories, BNEF said in a report published Tuesday. Along with demand destruction from higher energy prices, those shipments are enough to cover a complete halt in Russian pipeline flows from Oct. 1, it said. To source the extra fuel, European buyers will need to purchase 90% ...
