Can LNG replace Russian gas in Europe?


European LNG imports reached a record high in January 2022 and could go a little higher if Russian pipeline gas supply falls, or even stops completely.

But the best-connected European LNG terminals are already running at high rates, and limits to cross-border pipeline gas capacity would restrict the wider benefit of higher imports into some countries, such as Spain.

For LNG to take a much greater structural share of the European gas mix, additional import infrastructure is likely required, such as the renewed plans for German import terminals. Expansion of existing LNG terminals is another option.

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