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LNG Imports for Greece Slip to Five-Year Low of Zero in April

LNG
Energy BulletsCommodities

Greece imported no LNG in April for the first time in 5-years as prices become uneconomical.

  • The country has imported anywhere between 34,000 mt and 336,000 mt of LNG per month in the past five years according to Platts tracking.
  • A number of cargoes were planned to arrive into Greece in April but were cancelled.
  • Mytilineos was expected to import 1 TWh LNG on April 6, followed by 0.5 TWh by Kolmar on April 12 and another 1 TWh by MET on April 22.
  • The trend of cargo cancellations in Greece has preceded April. LNG nominations for February were revised down from five cargoes to two cargoes and that of March was reduced to two from four.
  • The weaker shoulder season for gas demand in Greece has instead been sustained by cheaper piped supplies.


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Greece imported no LNG in April for the first time in 5-years as prices become uneconomical.

  • The country has imported anywhere between 34,000 mt and 336,000 mt of LNG per month in the past five years according to Platts tracking.
  • A number of cargoes were planned to arrive into Greece in April but were cancelled.
  • Mytilineos was expected to import 1 TWh LNG on April 6, followed by 0.5 TWh by Kolmar on April 12 and another 1 TWh by MET on April 22.
  • The trend of cargo cancellations in Greece has preceded April. LNG nominations for February were revised down from five cargoes to two cargoes and that of March was reduced to two from four.
  • The weaker shoulder season for gas demand in Greece has instead been sustained by cheaper piped supplies.


Keep reading...Show less