Floating LNG: a Solution for the European Gas Supply Crisis?

Once the implications of the energy crisis became clear, European countries quickly set about adopting different measures to keep the lights on and their economies turning. They range from reintroducing coal into power generation to taking measures to decrease energy consumption and searching for alternative energy sources. Germany in particular identified FLNG as its favored option to securing energy supplies. Soon after the escalation of the Russia-Ukraine conflict, the German government announced that it was leasing four FSRUs. The author gives an overview of the existing FLNG market and explains why it is just one part of the solution to […]