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LNG: Further LNG Vessel Diverts for Europe

LNG
Energy BulletsBulletPower BulletsCommodities

A further LNG vessel has diverted from Asia to Europe this month according to ICIS vessel tracking.

  • The LNG Juno has turned northeast in the Atlantic. It was heading to Senboku in Japan, but the Osaka Gas vessel has now switched course for Revithoussa in Greece instead.
  • Bloomberg had reported on at least seven prior diversions this month but they had mostly slowed by the middle of the month.
  • Greece and Turkey are fairly busy at the moment ICIS reports, likely as entry points for LNG that can be regasified and then sent onwards via pipeline through Bulgaria and Romania into southeast Europe. That can replace lost Russian gas flows to southeast Europe, after Russia halted gas flows via Ukraine to Slovakia at the start of the year.
  • The Russian flow cuts affect around 40 mcm/day of gas, equivalent to around half an LNG cargo per day.
  • Greek LNG imports this January of over 400,000 tonnes look like a record all-time high for the country.
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A further LNG vessel has diverted from Asia to Europe this month according to ICIS vessel tracking.

  • The LNG Juno has turned northeast in the Atlantic. It was heading to Senboku in Japan, but the Osaka Gas vessel has now switched course for Revithoussa in Greece instead.
  • Bloomberg had reported on at least seven prior diversions this month but they had mostly slowed by the middle of the month.
  • Greece and Turkey are fairly busy at the moment ICIS reports, likely as entry points for LNG that can be regasified and then sent onwards via pipeline through Bulgaria and Romania into southeast Europe. That can replace lost Russian gas flows to southeast Europe, after Russia halted gas flows via Ukraine to Slovakia at the start of the year.
  • The Russian flow cuts affect around 40 mcm/day of gas, equivalent to around half an LNG cargo per day.
  • Greek LNG imports this January of over 400,000 tonnes look like a record all-time high for the country.