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   "European LNG regasification capacity is expected to see one its fastest periods of expansion as countries turn to the liquified fuel as an alternative to Russian gas imports.

     According to a database published by Gas Infrastructure Europe, European regas capacity will rise by 102.5bn m3/yr to 361.8bn m3 by 2026, an increase of nearly 40% in just four years. The split for new capacity across Europe is just under 60bn m3/yr in the north and about 43bn m3/yr in the south (see figure 1). This marks a new and largely unexpected change for the global LNG market.

    From standing still with excess capacity and acting as the buyer of last resort when prices were low, Europe is set to become an aggressive buyer in a market under-prepared for such a sudden boom in demand. North-south imbalance Regas capacity in Europe has gone through a number of distinct phases, starting with three terminals built between 1969 and 1972 all in the Mediterranean, serving Spain, Italy and France respectively. In the 1980s and 1990s, northern Europe entered the game with the construction of the 13bn m3/yr Zeebrugge terminal in Belgium, but the majority of new capacity continued to be located in the Mediterranean, Iberian Peninsula or at least at some distance from the then dev...  "

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