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    Home > Finance > Europe energy markets are well supplied but prices too high, SEFE CEO says
    Finance

    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 read

    Last updated: January 27, 2026

    The image illustrates the aftermath of Russian attacks on Ukrainian energy infrastructure, crucial to Kyiv's military capabilities. This highlights the intensifying conflict and its implications for global finance and security.
    Russian military operations targeting Ukrainian energy facilities amid ongoing conflict - Global Banking & Finance Review
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    Quick Summary

    Europe's energy markets are well supplied, but high prices are impacting competitiveness, according to SEFE CEO Egbert Laege.

    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)

    Key Takeaways

    • •European energy markets are well supplied.
    • •Market prices in Europe are significantly higher.
    • •High prices affect Europe's competitive edge.
    • •LNG demand in Europe is expected to grow.
    • •SEFE CEO Egbert Laege comments on the situation.

    Frequently Asked Questions about Europe energy markets are well supplied but prices too high, SEFE CEO says

    1What is the main topic?

    The main topic is the high prices in Europe's energy markets despite being well supplied, as discussed by SEFE CEO Egbert Laege.

    2How are high energy prices affecting Europe?

    High energy prices are causing Europe to lose its competitive edge in the global economy.

    3What is the future of LNG demand in Europe?

    LNG demand in Europe is expected to grow over the next five to ten years.

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