Due to high demand and fears that Russia might turn off its gas supply to Europe, the continent has been importing huge amounts of LNG. Now, Europe is fast running out of processing capacity for the gas and the added cost of squeezing more cargoes through other countries wouldn’t be viable. Currently, an estimated two-thirds of U.S. LNG cargoes are set to be delivered to European destinations, but those shipments may soon decline. After the massive influx of U.S. liquefied natural gas to make up for lower pipeline supplies from Russia amid high demand, Europe is running out of processing capacity for the gas, Reuters has reported . Europe turned into the biggest market for U.S. liquefied natural gas over the past three months as concern about the geopolitical tensions around Ukraine prompted the EU to seek alternatives for Russian gas in case Moscow turned the taps off, even […]