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Free AccessEurope Plans 43% Increase in Import Cap by 2026
Europe looks to LNG for supply as they reduce dependence on Russia gas supplies.
- A joint statement by US and EU stated that global LNG exports since March to Europe are up 75% compared to 2021 and US exports to Europe have nearly tripled.
- Net imports into NW Europe have averaged approximately 192k mt so far this year compared to a 5-year average of 96k mt for the same period.
- Plans are to increase LNG import capacity by 80.7m t/yr by 2026 with 16 projects already reaching final investment decision. European LNG import capacity would increase 43% to 265m t/yr by 2026.
- In total 23.8m ton/yr is due to start operations by the end of this year with FRSUs in Finland, 2 in Netherlands and 1 in Turkey. Next year 4 more totalling 17m t/yr are expected to come online with 2 in Germany, 1 in Italy and 1 in Greece.
- Other projects include 2 more terminals in Germany, Belgium, UK and Poland which are all schedule for completion in late 2025 or 2026.
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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.