November 15, 2022
The association of the gas infrastructure operators of Europe just published the new version of their LNG Map. Giving an exhaustive overview of the dynamic LNG market in Europe for the year 2022, it is a valuable tool for decision-makers across sectors.
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In a volatile environment, thanks to its flexibility and optionality, LNG has become an increasingly important supply source for Europe. Hence, LNG terminals play a key role in fostering the security of supply in Europe. How? By enabling the diversification of supply sources and routes, securing access to global and competitive energy sources and qualifying as reliable flexibility providers that enable the development of hubs/trading.
The latest news
Thanks to increased capacities and higher utilisation rates, on the 1st of November 2022 the LNG Large Scale terminals of EU27 just passed 1000 TWh of regasified gas in 2022, which is a 75% increase compared to the same period last year. Capacity reserves have proven to be of critical value: in countries with sufficient LNG import capacity, prices are lower than in countries where it isn’t. Significant additional capacity for LNG regasification and storage is under construction. More than ever, the LNG industry is critical to maintaining the security of supply for the next years and decades.
A future-proofed infrastructure
By 2030, LNG terminals in the EU will have expanded capacities to over 3000 TWh per year and will further enable the transition from coal to gas in order to further develop LNG infrastructure, a sound investment climate and an appropriate regulatory framework are essential. In the future, this capacity will be used for renewable and low-carbon molecule imports LNG terminals can integrate various value chains that will emerge depending on their geographical location, technology as well as upstream and downstream developments:
“Building LNG terminals allows for massive energy imports. This energy is critical to security of supply today and will be renewable tomorrow. Currently transporting natural gas, LNG infrastructure can accommodate BioLNG and synthetic LNG with no additional investments and can be repurposed to handle other hydrogen carriers like ammonia. Investing in LNG terminals is a good opportunity to nurture the future renewables network in a fast and efficient way while fostering the diversification of the routes and the sources of supply today.”
Arno Büx, GLE President
He added, “Right now, we need to ensure consistency across legislations – like Fuel EU Maritime, REDIII, AFIR and the Revision of the Emission Trading System – in terms of carbon intensity methodology. Developing a coherent Trade enabling certification is key”
About the map
This useful document provides comprehensive information on existing and under-construction LNG terminals in Europe, including send-out capacity, LNG storage capacity and the main terminal characteristics. Planned or under-study LNG terminal projects are also detailed. The LNG map is updated annually with first-hand information provided by GLE members making it a reliable source of information for the LNG business Maps are available free of charge.
For more than 15 years, GIE has been working on and innovating the most accurate, efficient, and user-friendly energy market transparency instruments. GIE Transparency tools provide an accurate view for decision-makers and analysts in monitoring the evolution of the energy market, i.e. LNG and storage markets. GIE’s AGSI and ALSI Transparency Platforms are real-time and go-to information sources offering daily reporting by storage and LNG terminal operators. See:
AGSI – Storage Transparency Platform
ALSI – LNG Transparency Platform
GIE IIP – Inside Information Platform
GIE Transparency Initiatives
Gas Infrastructure Europe (GIE) is the association representing the interests of European gas infrastructure operators active in gas transmission, gas storage and Liquefied Natural Gas (LNG) regasification. GIE is a trusted partner of European institutions, regulatory bodies and industry stakeholders. It is based in Brussels, the heart of European policymaking. GIE currently represents 68 member companies from 27 countries. GIE’s vision is that by 2050, the gas infrastructure will be the backbone of the new innovative energy system, allowing European citizens to benefit from a secure, efficient and sustainable energy supply.