European LNG import capacity is expected to increase by 74% over the next few years based on the projects announced so far, Fitch Ratings says in a new report. European LNG import capacity already totalled 169 billion cubic metres (bcm) in October 2022. We expect a further increase in LNG purchases to 155bcm in 2023 after a 45bcm yoy increase to 120bcm in 2022. In our view, Europe will be able to reach the necessary level of purchases. The key limiting factor for the planned increase in European LNG imports will be the availability of natural gas on global markets. However, we believe Europe will be able to cover its ... (full story)