E.U. unlikely to build up to 11 plants to import LNG from U.S., as Trump says
Not only has the EU plenty of idle capacity that can be ramped up at a moments notice, it would also be much cheaper and easier to increase capacities in some of those existing plants. A terminal like GATE might add some vaporizers, and use smarter tank and jetty management and they could sure squeeze some extra cargos through. The capacity owners might agree if they see money in this.
Europe is unlikely to veer from its current plans to build a small number of new plants for importing liquefied natural gas, energy experts said, casting doubts on President Trump’s claims Monday that he had secured commitments from the European Union for the construction of nine to 11 plants to boost U.S. exports.
