European LNG imports increase by 20%
Aversion to Russian gas has increased demand for LNG substantially across Europe, according to newly released data.
BY MATHIAS JULIUS FALKENGAARD, TRANSLATED BY CHRISTOFFER ØSTERGAARD
LNG exports to European countries have been on the rise recently, with the Russian invasion of Ukraine spurring consensus in Europe on ditching Russian natural gas and obtaining gas supplies elsewhere.
Last week alone, European LNG imports rose by 20% to 2.69 billion m3, writes media Montel on the basis of data compiled by VesselsValue.
Montel further assesses that imports can go up by 3.02 billion m3 this week – not least after Equinor has confirmed that LNG exports from Hammerfest LNG in Norway has resumed after being shut down since September 2020 due to damage from a fire.
Equinor restarts production at Hammerfest LNG
European gas falls to lowest since Russian invasion of Ukraine
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