In the past decade, the LNG industry in Europe has experienced a profound transformation, driven by unprecedented geopolitical events and the pursuit of energy security and gas supply diversification.
While LNG has become a crucial energy source for Europe in the short to medium term, its long-term role is expected to decrease in importance as the continent transitions towards a low-carbon future.
Against this backdrop, European regasification terminal operators are exploring ways to adapt their services to ensure the longevity of their facilities. One strategy involves converting biomethane into bio-LNG, while another focuses on positioning the terminals as potential hydrogen importers.
Despite these efforts, the scalability of these alternative uses poses a big challenge, and it remains uncertain how many of Europe’s LNG terminals will be able to survive the energy transition.
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