April 27, 2022
However, there may be limits to how much LNG can help fill the gap: the EU has limited import capacity, and there is only so much LNG production to go around. “All the terminal slots in Europe are booked. In fact, they’re diverting some cargoes to Asia as we speak,” said Poten Partners head of analytics Kristen Holmquist. “If Russia does decide to send less gas to Europe, we’re really seeing the global gas situation under a lot of strain.”
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