Central-Eastern Europe will compete for new LNG market

Subject

LNG in Greece, Croatia and Poland.

Significance

Liquefied natural gas (LNG) terminals and interconnectors are part of the north-south natural gas corridor advocated by EU member states in Central-Eastern Europe (CEE) as a means to reduce dependence on Russia.

Impacts

• The LNG project in Greece could slow down Croatia's plans to build an LNG terminal off the island of Krk.
• Access to cheap US gas via LNG is transforming the natural gas market worldwide.
• Cheaper gas may facilitate the transition from coal and increase the share of renewables across the region.