After the Russian invasion of Ukraine, the International Energy Agency released a 10- point plan to reduce the EU's dependence on Russian natural gas. In 2021, Russia supplied about 15 bcf/d to the EU with all but about 10 arriving by pipeline. While much of the plan involved accelerating green energy and various forms of conservation, a significant part of the plan was to change gas sourcing. Shortly after the 10-point plan was announced, Germany announced that it was supporting the construction of its first two LNG import and regassification terminals with a total capacity of about 2 bcf/d. Another part of the plan was to implement a 90 rule which is a date by which European countries need to have their gas storage levels at 90. This is an effort to spread out LNG receipts to normalize capacity utilization of these facilities.
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