The European Union is raising its natural gas import threshold and is well prepared to welcome more liquefied natural gas cargoes this year and in the years to come, the vice-president of the European Commission said Thursday. The EU will soon have 35 gas regasification terminals, up from two currently, with regasification capacity of 1 from 20 sq m to 1 plus 27 billion sq m, he wrote on Twitter after what he described as a productive networking meeting with international gas suppliers. The EU is preparing for more LNG by strengthening its import capacity infrastructure.

Europe has attracted a lot of LNG supply over the past year, as Asia's natural gas grid has seen high prices and low demand. For example, although European gas prices have recently

Fell to an 18-month low, but Europe continued to attract more than a quarter of LNG exports from the United States. Germany, Europe's largest economy, could import as much as 70.7 million tons of LNG per year, making it the world's largest exporter of natural gas, media reported last month, citing plans by the German economy Ministry and Lysse Group Force holder.

The chief executive of Lytrex Group a, Germany's biggest utility, said in a German business magazine that it may have less liquefied natural gas import capacity than planned, but that it was better to be cautious than sorry. KDer Sen and the interview said the final user fee in Germany." Rwe Chief Executive Markus Kreber on Wednesday Three Fasu said in the interview. "LNG may be underused.