Demand for LNG in Europe grows

  • Michaela Ceklová
  • 24.11.2017 18:45

On 19 November, Finland launched its second liquefied natural gas (LNG) terminal located in northern Finland. After its completion in 2018, the terminal will be the largest in northern Europe and also Finland's second LNG terminal.

The terminal will supply the areas of northern Finland, Sweden, and Norway. Central Europe also showed its demand for LNG when Polish PGNiG entered a contract on the import of LNG with the US company Centrica on 22 November. The growing demand for LNG means at a minimum a shift from traditional gas suppliers such as Russia and the attempt to reduce dependence on Russian gas, especially in the case of Nordic, Baltic and Central European countries. Paradoxically, however, the fact is that gas demand in Europe is generally declining, while demand for it is growing in Asia, which is a potentially more favourable market for the US.

About author: Michaela Ceklová

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