Countries across Europe are rushing to install new LNG import facilities as quickly as possible. That’s what Matteo Illardo, Europe analyst for RANE risk intelligence, told Rigzone, adding that most of these projects include floating storage regasification units (FSRUs), which can be installed more quickly than permanent onshore terminals. “Around 25 new FSRUs, according to estimates from S&P Global Platts, are now expected to be installed across the EU in the coming years, with the first facilities set to be operational already by the end of 2022 facilitated by a combination of political and commercial will in accelerating work,” Illardo said. “Germany in particular, arguably the EU state most impacted by Russian natural gas disruptions, has accelerated LNG developments in recent months with new regulatory initiatives that include a new law designed to accelerate the approval process for […]