Dozens of ships carrying liquefied natural gas (LNG) are cruising off the coasts of Spain and other European countries, unable to unload because facilities are full, he says. Reuters.
Europe is under pressure for energy supplies as Russia has gradually reduced gas supplies after imposing sanctions in response to the war in Ukraine. Europe therefore had to look for other ways to obtain energy, including LNG, but the collection of several cargoes revealed Europe’s lack of capacity.
There are now more than 35 ships loaded with LNG off the coast of Spain and the Mediterranean, with at least eight ships anchored off the Gulf of Cadiz alone, LNG terminal traders, analysts and sources familiar with the ship said Monday. situation.
The backlog has raised concerns about Europe’s ability to manage the supplies of LNG needed to make up for the shortage of Russian gas.
LNG analyst Alex Froley told Reuters that the lack of regasification facilities or gas pipelines connecting countries that have these facilities to other European markets means that LNG flowing offshore cannot be used. He goes on to say that they have seen a large number of cargoes waiting off southern Spain or around the Mediterranean, as well as some cargoes waiting outside the UK.
