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Central and Jap Europe should speed up liquefied pure fuel (LNG) import capability and higher combine regional fuel markets as they grow to be much less reliant on Russian fuel, in keeping with a brand new IEA report.
Up to now, the area has 4 LNG terminals (Croatia, Greece, Poland and Lithuania) with a mixed capability of about 20 bcm a yr, or 10% of the area’s fuel consumption.
To attach LNG regasification capability at a regional degree, Central and Jap European nations need to construct further interconnectors or reinforce present capacities.
Whereas funding is coming in new LNG import capabilities, notably floating storage regasification items, which have shorter lead occasions and could be chartered for shorter durations, nations should act quicker.
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