European energy planners are counting on floating regasification units to shield the continent from the ongoing energy squeeze. These portable gas import facilities, known as PRGUs, offer a cheaper and potentially cleaner alternative to traditional land-based power plants. The assessment comes from a senior executive at a major European energy company, highlighting the role of flexible LNG infrastructure in diversifying supply and reducing reliance on pipeline gas. (Bloomberg)
The plan, according to industry insiders, envisions deploying roughly 20 floating gasification units across continental Europe. The argument is that swift political and regulatory action could help stabilize the region by 2026 to 2027, even without continued deliveries of gas from Russia. This perspective emphasizes speed, deployment agility, and the ability to bring LNG into service quickly to meet winter demand. (Bloomberg)
Meanwhile, two floating LNG terminals are already under construction at the northern Dutch port of Eemshaven. These units, named Golar Igloo and Eemshaven LNG, are being leased for a five-year term as part of the broader strategy to enhance gas import capacity. Initial shipments are anticipated to begin in the middle of October, with plans to move a total of 18 cargoes by year’s end. (Bloomberg)
In Germany, the government has taken a concrete step by leasing five PRGUs and signaling plans to order two additional tankers. The targeted launch window for these floating facilities is this coming winter, underscoring a focus on rapid risk mitigation ahead of peak energy consumption periods. Italy, France, and the Baltic states are also evaluating similar routes to secure LNG imports from flexible floating terminals. (Bloomberg)
European Commissioner for Economic Affairs Paolo Gentiloni commented on September 8 that the upcoming winter could be among the most challenging in Europe’s history. He warned that some EU members may need to ration energy use to ensure essential services and industry can operate through tight supply conditions. The remarks reflect a broader EU-wide emphasis on resilience, diversification, and the pragmatism of using floating LNG assets to bridge potential gaps in traditional gas supply. (Bloomberg)