LNG

Europe likely to miss out on second wave of LNG

Europe may struggle to tap new LNG flows scheduled to come onstream after 2022, experts say Europe may struggle to tap new LNG flows scheduled to come onstream after 2022, experts say.
By Silvia Favasuli 16 May 2018 0 30891
A tanker at the Gate LNG terminal in the Netherlands. (Gate)

The long-awaited ‘second wave’ of LNG may not reach Europe as a result of growing demand for gas in Asia, delegates at the Flame conference in Amsterdam heard on Tuesday. 

The second wave consists of new LNG supplies expected to hit the market after 2022 from projects currently under consideration and those that have yet to take FID. These projects include new trains for existing liquefaction facilities in the United States and Australia as well as greenfield projects. But Europe may struggle to...