global-hydrogen-hub global-hydrogen-hub global-hydrogen-hub
Global LNG Hub Logo
No Result
View All Result
  • Login
  • Premium Content
  • Blog
  • Events
  • Industry Links
    • LNG Industry Association
    • LNG Market Advisors
    • Government Body
    • LNG Market Information
    • LNG Legal Advisors
    • LNG Research Institute
    • LNG Training & Education
  • Other Hubs
    • GLOBAL MARITIME HUB
    • EUROPEAN GAS HUB
    • THE COAL HUB
    • GLOBAL HYDROGEN HUB
    • CRITICAL MINERALS HUB
  • FREE TRIAL
  • My account
  • Login
Cart / €0.00

No products in the cart.

  • Premium Content
  • Blog
  • Events
  • Industry Links
    • LNG Industry Association
    • LNG Market Advisors
    • Government Body
    • LNG Market Information
    • LNG Legal Advisors
    • LNG Research Institute
    • LNG Training & Education
  • Other Hubs
    • GLOBAL MARITIME HUB
    • EUROPEAN GAS HUB
    • THE COAL HUB
    • GLOBAL HYDROGEN HUB
    • CRITICAL MINERALS HUB
  • FREE TRIAL
  • My account
  • Login
Global LNG Hub
No Result
View All Result
Home LNG Demand

Europe facing greater competition for LNG imports

Editor by Editor
4 years ago
Reading Time: 2 mins read
LNG imports
Share on FacebookShare on TwitterShare on Linkedin

Despite record high TTF prices, Europe still cannot reverse the situation with LNG imports. This is not only due to strong demand from China, Japan and South Korea, but also to increased supplies to the regions that are not generally regarded as the main competitors for spot seaborne volumes. However, in 2021, a number of buyers outside the Big Three in East Asia have emerged from the shadows.

RELATED POSTS

Chinas-gas-consumption

China’s role in the global LNG market may become less dominant

1 month ago
LNG-exports

Russia aiming to increase LNG exports by 100bcm by 2030

1 month ago
US-LNG

The embargo isn’t stopping the U.S. LNG train

2 months ago

Europe’s LNG imports bounced back a bit amid sharp rise in gas prices in the regional market in the latter half of Q3, but September’s imports into 11 countries within NWE and Mediterranean are expected to remain well below 5 million tons for the third month running. Among other things, the growth in deliveries at European terminals has been restrained by the unprecedented demand for cargoes among consumers in Latin America, South Asia and Middle East, which together will receive around 21 million tons this summer, 6.7 million tons more than the average for the period from April to September in the two previous years.

This seemingly small amount of LNG could have partly improved the balance in the European gas market suffering from low storage levels. The increase in LNG imports to the three regions in Q2 and Q3 2021 against the same periods in 2019 and 2020 has exceeded this summer’s aggregated injections into the German underground facilities, and has been two times higher than was injected into the Dutch storages from April to September 2021.

Spot cargoes are responsible for most of the growth in LNG deliveries to Latin America, South Asia and Middle East, with volumes being supplied within the regions where liquefaction plants are located, as in the case of US exports to Brazil and Argentina, as well as being re-exported from Europe. Between July and September 2021, as many as seven cargoes were sent from the European terminals to Pakistan, Bangladesh and Kuwait, while another one was delivered from Spain to Puerto Rico, according to Kpler data.

Later this year and early next year, demand for extremely expensive spot LNG in those regions is likely to depend heavily on the availability of alternative energy sources, such as hydropower in Brazil or HSFO in South Asia. In the meantime, loadings continue to set new records, with buyers ready to pay almost $30/MMBtu for a cargo.

Source: Yakov Grabar

Tags: commoditiesenergyEuropeGasgas pricesHenry HubJKMLatin AmericaLNGMiddle Eastnatural gassouth asiatradingTTFYakov Grabar
Editor

Editor

Related Posts

Chinas-gas-consumption
LNG Contracts & Pricing

China’s role in the global LNG market may become less dominant

1 month ago
LNG-exports
LNG Supply

Russia aiming to increase LNG exports by 100bcm by 2030

1 month ago
US-LNG
LNG Demand

The embargo isn’t stopping the U.S. LNG train

2 months ago
global-LNG
LNG Demand

How the global LNG market balanced in Q1 2025

2 months ago
Plaquemines-LNG
LNG Projects

Plaquemines LNG is ramping up its LNG exports at a record pace

2 months ago
global-gas-demand
LNG Demand

Another golden age of gas begins

2 months ago

Leave a Reply Cancel reply

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

No Result
View All Result

Trending Posts

LNG prices

Review of natural gas and LNG prices

April 30, 2025
global-gas-market

Europe’s exposure to a wild and volatile global gas market

May 20, 2025
LNG-prices

Review of natural gas and LNG prices

May 7, 2025

Recent Post

global-gas-market

Europe’s exposure to a wild and volatile global gas market

May 20, 2025
LNG-prices

Review of natural gas and LNG prices

May 14, 2025
LNG-prices

Review of natural gas and LNG prices

May 7, 2025
benchmark-gas-prices

Natural gas prices down significantly across all key markets in April

May 1, 2025
LNG prices

Review of natural gas and LNG prices

April 30, 2025
LNG-prices

Review of natural gas and LNG prices

April 23, 2025
LNG-HUB-Logo

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

Europe’s exposure to a wild and volatile global gas market

Review of natural gas and LNG prices

Review 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!

Your subscription could not be saved. Please try again.
Your subscription has been successful.

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

© 2020 GlobalLngHub | All Rights Reserved

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

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

Log In
No Result
View All Result
  • Premium Content
  • Blog
  • Events
  • Industry Links
    • LNG Industry Association
    • LNG Market Advisors
    • Government Body
    • LNG Market Information
    • LNG Legal Advisors
    • LNG Research Institute
    • LNG Training & Education
  • Other Hubs
    • GLOBAL MARITIME HUB
    • EUROPEAN GAS HUB
    • THE COAL HUB
    • GLOBAL HYDROGEN HUB
    • CRITICAL MINERALS HUB
  • FREE TRIAL
  • My account
  • Login

© 2020 GlobalLngHub | All Rights Reserved

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.