LNGINEUROPE2018AnOverviewofLNGImportTerminalsinEuropeKing&SpaldinghasbeeninvolvedinprojectsaccountingformorethanhalfofthenewglobalLNGsupplyexpectedtocometothemarketby2020.Wehaveactedforprojectownersanddevelopersonsomeoftheworld’slargestonshoreregasificationterminalprojectsandonmorethan20floatingimportprojectsaroundtheworld.LNGINEUROPE201812OverviewofLNGinEurope7LNGImportTerminalsinEurope8Belgium10France13Greece14Italy16Lithuania17Malta18TheNetherlands19Poland20Portugal21Spain25Turkey27UnitedKingdom29PlannedLNGImportTerminalsinEurope30King&Spalding:LawyerstotheLNGIndustryTableofContentsLNGinEurope2018:AnOverviewofImportTerminalsinEuropeLNGinEurope2018:AnOverviewofImportTerminalsinEuropeisapublicationofKing&SpaldingLLPandshouldnotbeconstruedaslegaladviceorlegalopiniononanyspecificfactsorcircumstances.Thecontentsareintendedforgeneralinformationalpurposesonly.Copyright2018byKing&SpaldingLLPInsomejurisdictions,thismaybeconsidered“AttorneyAdvertising.”King&SpaldingconsistsofKing&SpaldingLLP,aGeorgia,US,limitedliabilityentity,andaffiliatedlimitedliabilityentitiesintheUS,EnglandandSingapore.Allrightsreserved.2KING&SPALDINGOverviewofLNGinEuropeGasisakeysourceofenergysupplytoEuropeandplaysafundamentalroleinEurope’senergysupplymix.Europeisanetimporterofgas,whichentersinoneoftwoways:eitherasnaturalgastransportedviapipelineorasliquefiednaturalgas(LNG)whichisregasifiedinanLNGimport(orregasification)terminal.Thisreportprovidesanoverviewofthelarge-scaleLNGimportterminalsinEuropetoday–existing,underconstructionandplanned–andtheservicesprovidedatEurope’sexistingLNGimportterminals.EUROPE’SEXISTINGLNGREGASIFICATIONCAPACITYAllofEurope’sLNGterminalsareimportfacilities,withtheexceptionof(non-EU)NorwayandRussiawhichexportLNG.Therearecurrently28large-scaleLNGimportterminalsinEurope(includingnon-EUTurkey).Therearealso8small-scaleLNGfacilitiesinEurope(inFinland,Sweden,Germany,NorwayandGibraltar).Ofthe28large-scaleLNGimportterminals,24areinEUcountries(andthereforesubjecttoEUregulation)and4areinTurkey,23areland-basedimportterminals,and4arefloatingstorageandregasificationunits(FSRUs),andtheoneimportfacilityinMaltacomprisesaFloatingStorageUnit(FSU)andonshoreregasificationfacilities.Threenewimportterminalscameintooperationin2017:twoFSRUsinTurkeyandtheDelimaraLNGprojectinMalta.Europe’sregasificationterminalsshowabalanceddistributionalongEurope’scoastline,withmostofthemsituatedinNorthWestandSouthWestEurope.ThecurrentLNGreceivingcountriesinEuropeareBelgium,France,Greece,Italy,Lithuania,Malta,theNetherlands,Poland,Portugal,Spain,TurkeyandtheUK.Bytheendof2017totalregasificationcapacityinEurope’s28large-scaleLNGterminalswas227billioncubicmetres(ofgas)(bcm),whichissufficienttocoverapproximately40%ofEurope’sgasdemand.TwonewEuropeanLNGimportterminalsarecurrentlyunderconstructioninSpain(TenerifeandGranCanaria).Withtheadditionoftheseimportterminals,Europe’stotalregasificationcapacitywillreach230bcm.Europe’sregasificationcapacitywillalsogrowquitesignificantlyby2021asaresultofexpansionswhichareunderwayorplannedatsomeofEurope’sexistingLNGimportterminals.LNGINEUROPE20183CONTINUED:OVERVIEWIn2017Spain’sLNGterminalsaccountedforthehighestregasificationcapacityinEurope(6operationalterminalswithatotalcombinedcapacityof61.9bcm/year,andafurtherterminalinhibernationwithacapacityof7bcm/year),followedbytheUK(3...