BRUSSELS, April 23 (Reuters) - The European Commission expects gas prices to fall as the global suppply of liquefied natural gas $(LNG)$ increases, creating space for investments in renewable energy, the commission's President Ursula von der Leyen said in a speech on Tuesday.
"During the energy crisis, many investments have been done. A large wave of new LNG export projects is coming to market. And we might soon be moving from a global shortfall to an abundance of LNG," von der Leyen told European lawmakers.
"As a result, we expect gas prices to fall."
(Reporting by Inti Landauro and Bart Meijer)
((Bart.Meijer@thomsonreuters.com;))
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