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European LNG Imports Jumped to 8-Month High Last Week

LNG

LNG imports into Europe and Turkey rose by 5% on the week last week to above 3.8bcm, the highest level in eight months, as Red Sea vessel diversions caused some US LNG cargoes for Asia being redirected to Europe, Spark Commodities data showed, cited by Montel.

  • Imports into the region may fall by 19% week on week to around 3.1bcm this week, the data showed.
  • Shipments into Europe and Turkey stood at 10.6bcm on 1-21 January, 6% below December levels, the data showed.
  • Bloomberg data suggested imports into Europe and the UK averaged 490.13mcm/d during 1-18 January, up from 435.4mcm/d for all of December but down from 544.5mcm/d during the same period last year.
  • Ship-tracking data shows there are currently no LNG tankers traveling via the Suez Canal.
  • A typical day would normally show 2-3 LNG tanker pass the passage according to Kpler.

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