The EU LNG import terminals currently import LNG that consists of methane of fossil origin. LNG produces lower CO2 emissions than most fossil fuels and has a low level of methane leakages in the long term. However, they need to demonstrate their potential for achieving net-zero emissions by 2050 and break the public perception for their exclusive use for the traditional fossil fuel.
In the long-term, LNG terminals have the potential to be the import gates for renewable energy sources in liquefied form based on a proven business model. Through their assets, capabilities and expertise, and their location close to industrial zones, LNG terminals are well positioned to develop new services, making a meaningful contribution to the energy transition and the circular economy.