Free Trial

European LNG Imports Jumped to 8-Month High Last Week


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.

To read the full story



MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.