Source: Energy Intelligence
The rapid transition of Europe from Russian pipeline gas to LNG imports, coupled with the accelerated deployment of Floating Storage and Regasification Units (FSRUs), has sparked a competitive landscape among emerging Asian markets. Tony Regan from NexantECA reports that Europe has already secured 14 out of the 24 FSRUs sought since the war began. However, as more terminal projects are proposed and planned in Europe, concerns arise regarding whether there will be sufficient FSRU supply to cater to the demands of both Europe and Asia in the long run.