US EditionEurope’s LNG Buildout Slows Amid Anticipated Decline in Gas Demand
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7 Articles
Emerging Europe
Europe’s LNG buildout slows amid anticipated decline in gas demand
Europe’s gas infrastructure binge is proving as ill-judged as it was expensive. Europe’s dash to wean itself off Russian pipeline gas has left the continent with an embarrassing surplus of import capacity. After a frenzy of construction that saw 19 liquefied natural gas (LNG) terminals installed or expanded since early 2022, governments are now scrambling to shut down, mothball or quietly forget about infrastructure they insisted was vital for e…
Europe is delaying the construction of new liquefied natural gas (LNG) processing facilities. Demand for gas is declining, and investment projects are being canceled. At the same time, imports of Russian LNG are rising to record levels.
The construction of liquefied natural gas (LNG) import terminals in Europe is losing momentum, indicating that the countries of the continent overestimated future demand for gas. As of this year, Germany has closed or suspended several terminals, while a court has ordered the closure of another one in France, located in the port of Le Havre, after more than a year of inactivity. LNG regasification in Europe increased by 13% in 2023 and 8% in 202…
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