Europe’s rapid LNG capacity expansion faces demand challenges, says IEEFA


The gap between Europe’s liquefied natural gas (LNG) capacity and demand continues to widen, according to a new report from the Institute for Energy Economics and Financial Analysis (IEEFA).

Having added six new LNG terminals in 2023, LNG import capacity is set to reach 406 billion cubic metres (bcm) in 2030, an increase of 143 bcm from 2021 levels.

Set to be bolstered by the addition of a previously mothballed terminal and a new floating storage regasification unit (FSRU), the increasing import capacity could be under threat by a decline in levels of gas consumption.

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