Free Trial

Portuguese December LNG Sendout Falls To Five-Year Low


Portuguese LNG sendout fell to the lowest for any December since 2017 as strong renewable generation led to much lower gas burn, according to Argusmedia.

  • Regasification averaged 118 GWh/d at the 6.9mn t/yr Sines import facility in December, the lowest for the month since 2017 and the second lowest for any month since June 2018.
  • LNG deliveries were the highest for any December on record at 4.9TWh and the most for any month since August.
  • LNG stocks at the Sines facility were at 374,000m³ at the start of today — around 96pc of capacity and well above the three-year average of 175,000m³ for the date.
  • Strong renewable generation weighed on power sector gas burn, which added to already slow industrial consumption and pushed aggregate Portuguese consumption to its lowest since May 2020.

To read the full story



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.