The European Commission debated the EU’s upcoming strategy for LNG and gas storage at a conference.
The strategy is due to be published early next year and will be part of the EU’s plans for Energy Union, EC said in a statement issued on Tuesday.
LNG is a growing market in Europe, with new suppliers including the US and Australia. Meanwhile, LNG prices are falling, creating more opportunities for LNG across the continent.
Both gas storage and LNG play important roles in the diversification of gas supply sources and in creating more flexibility in Europe’s gas system.
The conference debated the need for new energy infrastructure, how to make better use of existing infrastructure, whether there are any regulatory, commercial or legal barriers, as well as international aspects including energy diplomacy and barriers to trade.
Image: Fosmax LNG