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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.
LNG
Europe risks idle or stranded LNG assets as building of import terminals and related infrastructure continues and with peak LNG consumption likely already reached, according to IEEFA.
- LNG Imports are set to decline about 11% this year, and the decline should accelerate to 37% by decade’s end.
- Europe’s LNG import capacity is forecast to rise 21% to 414bcm by 2030 risking more than 300bcm of unused capacity.
- The increased investment in import capacity is for security of supply to replace Russia pipeline supplies. However, average utilization rates in H1 fell to 47% from 63% a year ago while the share of LNG in Europe’s gas demand slipped to 31% from 37%.
- “As increased electrification and renewables deployment help Germany continue to reduce gas consumption, it is unclear whether it will need so much,” said Ana Maria Jaller-Makarewicz. Germany’s gas demand fell 4% y/y in the first half of this year, she said.
- The industrial demand outlook is bleak with operations limited and some plants shut down or relocated after the energy crisis.
- LNG dependency in eastern and central Europe may however increase after the Ukraine/Russia transit gas agreement expires in December.
Source: IEEFA
Why MNI
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.
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