Infrastructure overkill?
Rush to build out EU LNG import capacity seems a bit flawed
Europe’s dash to replace Russian gas has triggered a mad rush to build out new LNG import terminals. A surge in LNG imports in January raised concerns around the EU’s capacity to accommodate further major increases envisaged by the EU Commission to offset Russian molecules. A closer look at the utilisation of existing terminals confirms pinch-points are starting to emerge, but as ever in European energy matters the situation is far from simple.