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LNG
Sendout from northern Europe's new LNG terminals hit record highs early March according to ICIS as the Dutch EemsEnergyTerminal returned to high rates at the same time as Germany's Wilhelmshaven facility was active according to ICIS.
- The Dutch terminal at Eemshaven was seen at 20 mcm/day rates last September/October, then slowed down sendout in following months as additional regas capacity was added.
- Germany's Wilhelmshaven terminal meanwhile started up in December, and was the busiest new terminal in January. But Eemshaven returned in February, and has now seen rates heading up towards 20 mcm/day again in March.
- The Deutsche Ostsee terminal in Lubmin, east Germany has not yet reached sendout levels much above 7 mcm/day because of the complicated logistical nature of the project.
- Germany's third new terminal at Brunsbuettel is not yet ready to send gas into the onshore pipeline networks, but could start by end of March.
source: ICIS
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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