Europe energy markets are well supplied but prices too high, SEFE CEO says
Published by Global Banking & Finance Review®
Posted on December 10, 2024
1 min readLast updated: January 27, 2026

Published by Global Banking & Finance Review®
Posted on December 10, 2024
1 min readLast updated: January 27, 2026

Europe's energy markets are well supplied, but high prices are impacting competitiveness, according to SEFE CEO Egbert Laege.
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)
The main topic is the high prices in Europe's energy markets despite being well supplied, as discussed by SEFE CEO Egbert Laege.
High energy prices are causing Europe to lose its competitive edge in the global economy.
LNG demand in Europe is expected to grow over the next five to ten years.
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