Utilization of European LNG terminals saw a decrease in Q4 2023

Utilization of European LNG terminals went down in most countries compared to the same quarter the year before; a capacity growth occurred due to the startup of operations of new FSRU. While in Northern Europe average utilization fell substantially to 58% in Q4 2023 from 72% in Q4 2022, the decrease in Southern Europe was more moderate, from 49% to 42%. The supply situation has eased. The weighted average LNG price of EU imports in 2022 was considerably below hub prices (TTF spot) which had surged to unprecedented levels. Since early 2023, both prices have been on the same level. […]