Liquefied Natural Gas in the Baltic Sea Region

This study analyzes the liquefied natural gas (LNG) terminal plans and their impact on gas supply in the Baltic Sea Region (BSR). Although the realized capacity of the planned terminals will be smaller than the planned one, these LNG terminals are strategic investments, as they will introduce competition that has a lowering impact on the price, and moreover, the terminals will improve the security of gas supply, though the BSR cannot build its gas supply on the LNG deliveries alone. In other words, the terminals will not replace Russia's deliveries but rather allow the countries in the eastern BSR to diversify a proportion of their gas supply.