Central and Japanese Europe should speed up liquefied pure fuel (LNG) import capability and higher combine regional fuel markets as they turn into much less reliant on Russian fuel, in accordance with a brand new IEA report.
So far, the area has 4 LNG terminals (Croatia, Greece, Poland and Lithuania) with a mixed capability of about 20 bcm a 12 months, or 10% of the area’s fuel consumption.
To attach LNG regasification capability at a regional stage, Central and Japanese European nations need to construct extra interconnectors or reinforce present capacities.
Whereas funding is coming in new LNG import capabilities, notably floating storage regasification models, which have shorter lead occasions and will be chartered for shorter intervals, nations should act quicker.
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