LNG imports in Europe continue to rise

This winter in Europe marks a turning point with an absence of Russian gas passing through Ukraine via pipelines. A new supply context is being put in place to compensate for this absence.

For several months, Europe has been recording a sharp increase in its liquefied natural gas imports.
– 3.83 billion m³ of LNG were received last week (including Turkey and the United Kingdom), i.e. +17% compared to the previous week.

• This increase is mainly driven by U.S. LNG, in a context where China is intensifying its imports of Russian gas: to date, no punitive sanctions have been implemented by the Trump administration, despite several threats of measures.

In response to the decline in U.S. exports to China, the United States is redirecting much of its LNG to Europe.
Result: U.S. LNG now accounts for 58% of European imports

On the infrastructure side, the commissioning of Germany’s Wilhelmshaven 2 terminal, after a month of maintenance, has also supported this upward trend.

European stocks now reach 83% of their capacity and are stabilizing. Member states must nevertheless reach 90% by December 1 to face the winter with confidence.

In a context of mild temperatures at the start of November, this is allowing gas prices to stabilize.