The European Union will expand its liquefied natural gas import capacity by nearly a third as it weans off Russian energy supplies

• The EU will expand its liquefied natural gas import capacity to help ease supply bottlenecks.
• The bloc has also encouraged bloc companies to not enter any further LNG agreements with Russia.
• Despite trying to wean away from Russian supplies, LNG exports from the country increased in 2022.

The European Union is set to increase its liquefied natural gas import volume by almost a third in a continued move to reduce its dependence on Russian supplies.

Maros Sefcovic, vice president of the European Commission, tweeted on Thursday that the union was gearing up to add eight more LNG regasification terminals in the next year, up from 27 existing facilities.