LNG Trade in Europe
Summary
Most of EU countries with access to the sea, as well as UK, have operating regasification terminals. This list of countries includes Belgium, Croatia, Great Britain, Finland, France, Germany, Greece, Italy, Lithuania, the Netherlands, Poland, Portugal and Spain. European countries have formed an integrated natural gas market. The existing bottlenecks of the European main gas pipeline system occasionally affect the connectivity of the market, but in the medium term, these restrictions are not material - the market of these countries functions as a single mechanism.
Europe collectively is one of the largest importers of LNG. Monthly LNG import volumes are volatile and are in the range of 7 - 13 million tons of LNG per month. At the same time, Europe is forced to perform a balancing function in the global LNG market. Demand for LNG in Europe has become a key element of pricing both in the global LNG market and in the European gas and power markets.
USA is currently the number one LNG supplier by a large margin. Russia and Qatar are placed second and third respectively.
LNG Discharge
The table “Monthly discharge volumes and source countries for LNG coming from outside Europe“ shows statistics on unloading of gas carriers at regasification terminals and in ports of the EU and the UK, with the exception of gas carriers loaded in the EU and the UK, with aggregation for the calendar month, the supplier country and all regasification terminals. The data is available from August 2022. 01.MM.YYYY - means deliveries for the entire calendar month starting on this day. Deliveries for the current month are indicated by a cumulative total from the first day of the month to the current date. The delay in receiving data is up to one day. The data is updated automatically.
The table “Monthly discharge volumes and destination countries for LNG coming from outside Europe“ presents statistics on the unloading of gas carriers at regasification terminals and ports in the EU and the UK, with the exception of gas carriers loaded in the EU and the UK, with aggregation per calendar month for the recipient country and all its regasification terminals. The data is from August 2022. Date 01.MM.YYYY means deliveries for the entire calendar month, starting that day. Deliveries for the current month are indicated as a cumulative total from the first day of the month to the current date. The delay in receiving data is up to one day. The data is updated automatically.
The table “Details of LNG Carriers Discharge in Europe during last 30 days“ provides the data on unloading of gas carriers in EU and UK ports. The data is provided since 13.07.2022 and is updated automatically. Import volumes are given in metric tons.
LNG re-export
After the destruction of Russian pipeline gas and other energy supplies from Russia, Europe has become a balancing (the terms “marginal“ and “closing“ are also used) region of the world in the LNG spot market. As a result, LNG supplies originally intended for European countries may be redirected outside the region.
The table “Europe monthly re-export volumes and destination countries“ shows statistics on the loading of gas carriers in EU and UK ports, with the exception of gas carriers shipped to the EU and the UK, with aggregation for a calendar month, the recipient country and all its regasification terminals. The data is from August 2022. 01.MM.YYYY - means deliveries for the entire calendar month starting on this day. Deliveries for the current month are indicated by a cumulative total from the first day of the month to the current date. The delay in receiving data is up to one day. The data is updated automatically.
Notes:
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