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EU Gas Imports Rise Above 2022 Levels in Week 43: Bruegel


Natural gas import supplies to Europe continued to rise during October according to Bruegel data released earlier this week driven by gains in LNG supply and supported by increases from UK and Algeria.

  • Total imports in week 43 (23-29 Oct) increased above levels seen this time last year to 6,233mcm compared to 6,013 the previous week but still well below the 2015-2022 peak of 7,555mcm for the week.
  • LNG supply rose from 2,261 to 2,511mcm on the week while supply from Norway, Russian and Azerbaijan remained relatively unchanged.
  • LNG utilisation for 2023 is down at 24% in Spain but up at 56% for Germany, 70% in Belgium and France, and 97% in the Netherlands.
  • Reverse EU gas flows into Ukraine continue to fall from a peak of 264mcm in mid August back below levels from last year to 61mcm.

Source: Bruegel

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