SOURCE: Industrial Info Resources

Industrial Info Resources

January 27, 2010 05:00 ET

More Than $26 Billion of LNG Projects Proposed in Europe, an Industrial Info News Alert

SUGAR LAND, TX--(Marketwire - January 27, 2010) - Researched by Industrial Info Resources (Sugar Land, Texas) -- Approximately US$26.46 billion (18.8 billion euros) in liquefied natural gas (LNG) projects are being proposed in Europe. Construction of new LNG facilities and the expansion of existing facilities are intended to supply the predicted increased demand for cleaner-burning natural gas to generate power. Europe has outgrown the supplies that are delivered via the North Sea fields. Additionally, Europe has demonstrated its vulnerability to supply disruptions from Russia because of political problems with Ukraine and other countries that the Russian natural gas pipelines cross. Both of these issues have caused price fluctuations that have disturbed the energy markets of Europe. Presently, Industrial Info is tracking the progress of 47 LNG projects on the European continent with a potential total capital value of US$26.46 billion (18.8 billion euros) and an average capital value of US$562 million (400 million euros).

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