Global LNG Hub
No Result
View All Result
  • Login
  • Premium Content
    • All
    • Asian LNG
    • Australian LNG
    • European LNG
    • FLNG
    • Global LNG
    • LNG Africa
    • LNG Bunkering
    • LNG Latin America
    • LNG North America
    • LNG Projects
    • LNG Trade and Pricing
    • Middle East LNG
    • Small Scale LNG
    • Others
  • Blog
  • Events
  • Industry Links
    • LNG Industry Association
    • LNG Market Advisors
    • Government Body
    • LNG Market Information
    • LNG Legal Advisors
    • LNG Research Institute
    • LNG Training & Education
  • Newsletter
  • Videos
  • Other Hubs
    • GLOBAL MARITIME HUB
    • EUROPEAN GAS HUB
    • THE COAL HUB
  • Subscribe
  • My account
  • Login
SUBSCRIBE
  • Premium Content
    • All
    • Asian LNG
    • Australian LNG
    • European LNG
    • FLNG
    • Global LNG
    • LNG Africa
    • LNG Bunkering
    • LNG Latin America
    • LNG North America
    • LNG Projects
    • LNG Trade and Pricing
    • Middle East LNG
    • Small Scale LNG
    • Others
  • Blog
  • Events
  • Industry Links
    • LNG Industry Association
    • LNG Market Advisors
    • Government Body
    • LNG Market Information
    • LNG Legal Advisors
    • LNG Research Institute
    • LNG Training & Education
  • Newsletter
  • Videos
  • Other Hubs
    • GLOBAL MARITIME HUB
    • EUROPEAN GAS HUB
    • THE COAL HUB
  • Subscribe
  • My account
  • Login
Global LNG Hub
Home LNG Demand

China maintains pressure on European LNG

Editor by Editor
4 weeks ago
min read2 min
European-LNG
Share on FacebookShare on TwitterShare on Linkedin

Russian gas deliveries to Europe at multi-year lows, extreme heat in many parts of the continent, growing constraints to coal supply in Germany and French nuclear output cuts amid low river levels – all this illustrates where the region´s gas market has found itself in mid-summer 2022.

RELATED POSTS

TTF gas prices surge above €225 / MWh

TTF gas prices surge above €225 / MWh

18 hours ago
Freeport-LNG

Freeport LNG Planning to Run at 2 Bcf/d in Early October

2 weeks ago
September’s contract trades near $7.72/MMBtu

September’s contract trades near $7.72/MMBtu

2 weeks ago

The list could go on and on, but even now one can identify some developments that bring light into this darkness. Among them in particular are persistently robust LNG imports to the European terminals during this injection season.

It would be very difficult for regional buyers to sustain high levels of liquefied gas intakes without ‘the assistance’ of Chinese importers. Abundant LNG storage inventories in Northeast Asia along with a new wave of Covid restrictions and the slowdown in China´s economic growth resulted in the country’s regasification facilities receiving on average 4.8 million tons per month between April and June 2022, or 1.8 million tons less than the previous year, according to Kpler.

Now imagine how the situation with LNG supply in Europe would have evolved if China´s demand for spot cargoes had been as strong as in 2021? In that case, LNG monthly imports to Europe would have not automatically decreased by 1.8 million tons, but buyers across the region would have lost a significant portion of volumes available in the global market.

With limited pressure coming from Chinese competitors, LNG deliveries to the European sites increased by around 3 million tons per month YoY in the second quarter of 2022. In July, imports could experience an YoY growth of 5 million tons.

The question that remains open is whether buyers from China become much more engaged in competition for spot cargoes in the second half of this year. It depends on many factors, including if it will take much time for Chinese economy to fully recover from lockdowns, what level the country’s LNG stocks will stand at in a few months´ time and to what extent contractual volumes will cover local buyers’ need for liquefied gas until the end of the year. So far in July 2022, China has imported about 500 thousand tons less than the same time last year.

Source: Yakov Grabar (LinkedIn)

Tags: Algerian gas exportsEuropean gas demandEuropean gas importsEuropean gas pricesFreeport LNGTTF pricesYakov Grabar
Editor

Editor

Related Posts

TTF gas prices surge above €225 / MWh
Infrastructure

TTF gas prices surge above €225 / MWh

18 hours ago
Freeport-LNG
Infrastructure

Freeport LNG Planning to Run at 2 Bcf/d in Early October

2 weeks ago
September’s contract trades near $7.72/MMBtu
Infrastructure

September’s contract trades near $7.72/MMBtu

2 weeks ago
LNG-terminals
LNG Demand

European LNG terminals offline?

2 weeks ago
U.S. LNG exports overtake Russian piped gas
Infrastructure

U.S. LNG exports overtake Russian piped gas

3 weeks ago
U.S. becomes largest LNG exporter
LNG Projects

U.S. becomes largest LNG exporter

3 weeks ago

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

No Result
View All Result

Trending Posts

China-LNG-imports

Japan displaces China as top Australian LNG export destination in FY 2022

4 weeks ago
Freeport-LNG

Freeport LNG Planning to Run at 2 Bcf/d in Early October

2 weeks ago
European gas crunch

The European gas crunch: going well beyond Europe

1 week ago
Load More

Recent Post

TTF gas prices surge above €225 / MWh

TTF gas prices surge above €225 / MWh

18 hours ago
LNG-netback-price

LNG netback price reaches $48,91, August 2022

18 hours ago
LNG-prices

Weekly trend of natural gas and LNG prices

18 hours ago
LNG-prices

Weekly trend of natural gas and LNG prices

1 week ago
LNG-prices

Spot LNG prices for delivery to Japan for June 2022

1 week ago
European gas crunch

The European gas crunch: going well beyond Europe

1 week ago
Load More

Online platform for sharing analysis and information on Global and regional LNG markets. Weekly newsletter each Wednesday more info

Categories

  • Asian LNG
  • Australian LNG
  • European LNG
  • Global LNG
  • LNG Africa
  • LNG Bunkering
  • LNG Latin America
  • LNG North America
  • LNG Projects
  • LNG Trade and Pricing
  • Middle East LNG
  • Small Scale LNG
  • FLNG

Recent Posts

TTF gas prices surge above €225 / MWh

LNG netback price reaches $48,91, August 2022

Weekly trend of natural gas and LNG prices

Energise your Wednesday!

Sign up to receive our weekly newsletter with new LNG market reports, presentations & analysis. Every Wednesday!

By signing up, I agree to our TOS and Privacy Policy.

© 2020 GlobalLngHub | All Rights Reserved

No Result
View All Result
  • Premium Content
    • All
    • Asian LNG
    • Australian LNG
    • European LNG
    • FLNG
    • Global LNG
    • LNG Africa
    • LNG Bunkering
    • LNG Latin America
    • LNG North America
    • LNG Projects
    • LNG Trade and Pricing
    • Middle East LNG
    • Small Scale LNG
    • Others
  • Blog
  • Events
  • Industry Links
    • LNG Industry Association
    • LNG Market Advisors
    • Government Body
    • LNG Market Information
    • LNG Legal Advisors
    • LNG Research Institute
    • LNG Training & Education
  • Newsletter
  • Videos
  • Other Hubs
    • GLOBAL MARITIME HUB
    • EUROPEAN GAS HUB
    • THE COAL HUB
  • Subscribe
  • My account
  • Login

© 2020 GlobalLngHub | All Rights Reserved

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept”, you consent to the use of ALL the cookies.
Cookie settingsACCEPT
Manage consent

Privacy Overview

This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.
Necessary
Always Enabled
Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website. These cookies do not store any personal information.
Non-necessary
Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. It is mandatory to procure user consent prior to running these cookies on your website.
SAVE & ACCEPT
Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?