Floating storage and regasification units will soon be in strong demand as Europe decouples from gas piped in from Russia, says DNV group president Remi Eriksen.

This could provide a lifeline for older steam turbine-powered LNG carriers that will struggle to comply with upcoming International Maritime Organization regulations. These vessels would make ideal conversion candidates.

Eriksen, in an interview with TradeWinds, said that as the European Union weans itself off Russian gas, it will have to turn to LNG brought in by ship.