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European LNG Demand Surges on Late Winter Cold Snap

LNG

European LNG imports are nearing last year’s record pace – helping to cover a late winter spike in demand because of colder weather.

  • Flows from LNG terminals into northwest Europe’s gas networks jumped this week to the highest level since December according to Bloomberg.
  • The market is watching for increased competition for spot cargoes from Asia as prices become more competitive.
  • LNG imports will be crucial for Europe refilling inventories this winter without Nord Stream supplies. European imports of Russian LNG hit a record high in Feb.



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