LNG news in Europe

Ed Cox, Head of Global LNG at the Independent Commodity Intelligence Services (ICIS), discusses the options available to Europe in moving away from Russian gas, namely to the use of LNG.

With the Russia-Ukraine conflict causing major concerns over energy security issues, GIIGNL are mobilising to ensure stable, affordable, and flexible access to LNG imports.

Due to the conflict in Ukraine and sanctions on Russia, it is expected that LNG is set to help fill the gap on Russian gas in Europe’s energy mix.

Shell announced its intention to exit its joint ventures with Russian-owned Gazprom, focusing instead on supporting Ukraine as well as European security.

The technology group Wärtsilä will provide support for Viking Line’s new climate-smart flagship under a three-year contract signed in December 2021.

The company states that there is little prospect for Europe to reduce its dependence on Russian gas in the short-term.

Heinz-Jürgen Hiller, Business Development LNG at VTG Rail Europe, looks at LNG transportation by rail and the important role it could play in the future of the LNG industry.

The company states that growing tensions between Russia and Ukraine put a potential 155 billion m3/y of natural gas imports to Europe at risk.

In its new report, the company looks at whether Europe’s LNG imports would be sufficient in the event of Russian gas pipeline export disruption.

The company will supply valve control systems to 12 new LNG-powered container vessels.