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EU LNG Sendout Rates to Edge Lower in Summer 24: ICIS

LNG

Summer LNG sendout to Europe is set fall slightly from current rates according to the ICIS Euro Gas Foresight model.

  • ICIS do not expect a send-out wave as seen in H2-22/H1-23 to reappear any time soon.
  • European LNG sendout was at 360mcm/d on Apr. 16 compared to an average of 335mcm/d so far in April and well below the average of 463mcm/d seen in April 2023 according to Bloomberg.

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Summer LNG sendout to Europe is set fall slightly from current rates according to the ICIS Euro Gas Foresight model.

  • ICIS do not expect a send-out wave as seen in H2-22/H1-23 to reappear any time soon.
  • European LNG sendout was at 360mcm/d on Apr. 16 compared to an average of 335mcm/d so far in April and well below the average of 463mcm/d seen in April 2023 according to Bloomberg.