Europe builds regasification plants to triple expected gas demand: this is how it affects Gijón

The Russian invasion of Ukraine not only forced Europe to diversify its sources of supply, but also triggered a race to increase the continent’s energy sovereignty. Panic over gas shortages and rising prices, as the Kremlin turned supply into a weapon of war and cut pipeline exports to the continent, hastened the search for solutions. And one of them was the construction of new regasification plants, industrial facilities that return gas transported by ship to its gaseous nature in a liquid state. There would be nothing to object to this, if it were not for the fact that the capacity being built far exceeds the expected gas demand in Europe in the coming years. According to the Institute for Energy Economics and Financial Analysis (IEEFA), demand has declined by 20% since 2021.

(TagstoTranslate)Europe(T)Build(T)RegasificationPlants(T)Triple(T)Demand(T)Gas(T)Europe(T)Spain(T)El Mussel

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