Europe's Energy Market Well Supplied but Prices Remain High
BERLIN (Reuters) - European energy markets are very well supplied but market prices are significantly higher than before, leading to Europe losing a competitive edge in the global economy, the head of nationalised German energy firm SEFE said on Tuesday.
"While the security of supply we were able to maintain, we should not forget this has come at a price, at a price for our industry, because market prices in Europe are currently significantly higher than before," SEFE Chief Executive Egbert Laege said on the sidelines of an LNG conference in Berlin.
Laege said he expected LNG demand in Europe to grow in the next five to ten years.
(Reporting by Riham Alkousaa, Editing by Rachel More)
