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Algeria-EU LNG Flows Boosted by Lower Spot Prices: Platts

LNG

Weaker spot LNG prices in Europe have supported increased buying interest for Algerian LNG cargoes, with traders expecting robust LNG and gas outflows in April, Platts said.

  • Algeria LNG exports have reached 1.1m mt in April to date, already hitting the highest monthly level since 1.15m mt was exported in November.
  • Around 87% of those exports are headed to Europe.
  • Pipeline exports from Algeria to Spain and Italy were up 10% month-on-month for the period April 1-22, totalling 2.2 Bcm. However, this is down 7% on the year.
  • Traders told Platts that weaker spot prices have been boosting buying appetite.
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Weaker spot LNG prices in Europe have supported increased buying interest for Algerian LNG cargoes, with traders expecting robust LNG and gas outflows in April, Platts said.

  • Algeria LNG exports have reached 1.1m mt in April to date, already hitting the highest monthly level since 1.15m mt was exported in November.
  • Around 87% of those exports are headed to Europe.
  • Pipeline exports from Algeria to Spain and Italy were up 10% month-on-month for the period April 1-22, totalling 2.2 Bcm. However, this is down 7% on the year.
  • Traders told Platts that weaker spot prices have been boosting buying appetite.