Europe’s Plan to Replace Russian Gas Stumbles on LNG Bottlenecks
- Record LNG shipments face constraints, regional price gaps
- Competition for non-Russian gas to keep costs high for years
This article is for subscribers only.
Europe’s ambitious plan to walk away from Russian natural gas and replace a chunk of it with tanker-borne imports faces a major obstacle: getting it to where it’s needed most without huge price discrepancies.
Even as record amounts of liquefied natural gas land on Europe’s shores, the lack of interconnectors from key import terminals in the west means gas can’t easily reach countries in the east that are more reliant on pipeline supplies from Russia.