Higher U.S LNG production cannot replace Qatari supplies for Europe next winter, TotalEnergies CEO says

- Higher U.S. liquefied natural gas (LNG) production is helping but cannot replace Qatari supplies for Europe next winter, TotalEnergies CEO Patrick Pouyanne said on Wednesday.

If Qatari LNG supply does not restart, the decrease in gas prices heading into winter will not be as dramatic as the fall in oil prices, Pouyanne, speaking to French lawmakers during a hearing by the economic affairs commission on the Middle East crisis, added.