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LNG: Global LNG Imports Rise in January Driven by Europe

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Global LNG imports are expected to rise to 38.12m tons in Jan. 2025, the highest since Jan. 2024 and up from 37.69m tons the previous month, according to Kpler data cited by Reuters.

  • Europe's imports are set to rise to 11.82m tons in January, up from 10.87m in December and the highest since April 2023. Europe's winter demand and higher prices draws cargoes away from Asia as the region seeks to replace pipeline natural gas from Russia.
  • Europe's LNG imports are likely to rise 8.7% m/m in January but arrivals from Russia are expected to drop 11.6% m/m to 1.60m tons as uncertainty grows amid increasing sanctions on Russia.
  • Europe's imports from the US are expected up 11.7% y/y to a record high of 6.70m tons in January, from 5.20m tons in December as US President Trump has repeatedly threatened Europe with tariffs unless continental buyers sign up for more LNG from the US.
  • Asian LNG imports are set to fall to 24.48m tons from 25.50m tons in December with a decline from the US to 1.81m tons from 2.2m tons last month. A milder-than-normal winter and high prices have limited demand in China, Japan and South Korea.
  • China arrivals are expected at 6.29m tons in Jan, down 20% y/y and compared to 7.58m tons in Dec.

 

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Global LNG imports are expected to rise to 38.12m tons in Jan. 2025, the highest since Jan. 2024 and up from 37.69m tons the previous month, according to Kpler data cited by Reuters.

  • Europe's imports are set to rise to 11.82m tons in January, up from 10.87m in December and the highest since April 2023. Europe's winter demand and higher prices draws cargoes away from Asia as the region seeks to replace pipeline natural gas from Russia.
  • Europe's LNG imports are likely to rise 8.7% m/m in January but arrivals from Russia are expected to drop 11.6% m/m to 1.60m tons as uncertainty grows amid increasing sanctions on Russia.
  • Europe's imports from the US are expected up 11.7% y/y to a record high of 6.70m tons in January, from 5.20m tons in December as US President Trump has repeatedly threatened Europe with tariffs unless continental buyers sign up for more LNG from the US.
  • Asian LNG imports are set to fall to 24.48m tons from 25.50m tons in December with a decline from the US to 1.81m tons from 2.2m tons last month. A milder-than-normal winter and high prices have limited demand in China, Japan and South Korea.
  • China arrivals are expected at 6.29m tons in Jan, down 20% y/y and compared to 7.58m tons in Dec.

 

Keep reading...Show less