Over Half Of Europe’s LNG Capacity Could Become Stranded By 2030 ...Middle East

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Over Half Of Europe’s LNG Capacity Could Become Stranded By 2030
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More than half of Europe’s LNG import capacity could become stranded assets by 2030 as current LNG buildout plans are set to vastly exceed projected demand for liquefied natural gas by the end of the decade, the Institute for Energy Economics and Financial Analysis (IEEFA) said in a new analysis this week. The EU is boosting its LNG import capacity and is ready to welcome even more LNG cargoes this year and in the coming years, Maros Sefcovic, European Commission Vice President for Interinstitutional Relations and Foresight, said earlier…

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