Falling demand slows Europe's dash for LNG

Emerging Europe

Lean Left

Mixed Factuality

Falling demand slows Europe's dash for LNG

With energy prices stabilising and European gas consumption decreasing, LNG terminals risk becoming costly, stranded assets. In the immediate aftermath of Russia’s invasion of Ukraine in February 2022, Europe witnessed a rapid surge in liquefied natural gas (LNG) terminal construction, not least in Central and Eastern Europe. As countries scrambled to wean themselves quickly off Russian gas, the urgency to diversify energy sources drove a wave …