Sanctions on Russia and a Covid lockdown in China have reduced freight volumes in Rotterdam, Europe’s busiest seaport. But one cargo is booming: liquefied natural gas.
Importing more LNG is a priority as the EU tries to cut its reliance on gas supplied from Russia, intending to starve Moscow of funds for its war in Ukraine. But Rotterdam’s LNG terminal is fully booked. Work to expand is under way but will not be quick.
“LNG is a challenge. It will provide us with the most restrictions of all the goods we import,” said port chief executive Allard Castelein. “You can’t build a [LNG] tank overnight.”
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