Sophie Davies

The residents of the Spanish town of Ferrol have lived for years in the shadow of an LNG terminal, but a growing body of research suggests such infrastructure poses a health risk to communities like theirs – which should serve as a wake-up call as we brace ourselves for major build-out of LNG in Europe.

The divestment of European banks from fossil fuels projects is slowly but gradually gathering pace, a director at BlackRock, the US investment management firm, said at the Flame Conference in Amsterdam.

As a result of western sanctions on Russia, there will be almost no new supply from Arctic LNG in 2024 and 2025, he said.