LNG

Gas Infrastructure Europe (GIE), the association representing the interests of European Union gas infrastructure operators in gas transmission, storage and liquefied natural gas, said the flow of LNG to European terminals hit its lowest since December 2021.

The GIE, which is based in Brussels and represents 70 member companies from 26 countries, provided the information from its gas grid data.

LNG supplies from the main terminals in the EU in nations such as Belgium, France, the Netherlands, Spain, Italy, Portugal and Germany plunged in May 2024.

The decline in regasified LNG flowing into gas grids dropped by a quarter to around 6.75 million tonnes.

Regasified LNG flows were also down by 13 percent compard with April 2024.

Total LNG supplies from terminals to Europe’s gas pipeline system was also lower in the January to May period 2024.

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The decreased regasified LNG volumes were logged even as the EU had more terminals in operation as floating facilities came on line in Italy and Germany.

The total for the year to date though May fell by 10 percent compared with the first five months of last year to reached around 37.5MT.

Another body in the EU, the European Network of Transmission System Operators for Gas (ENTSOG), said that by the end of May the share of LNG was still the largest among sources of gas supply to Europe in 2024, standing at 32 percent.

Thus compared the 28 percent of gas provided from the Norwegian Continental Shelf and another 18 percent that came from gas storage facilities.

Other sources of gas received in Europe included 10 percent recived by pipleines from Algeria.

The Algerian volumes were delivered directly to Spain or via Tunisia to Italy by way of Sicily.

The share of gas supplies from Russia and volumes via Ukraine came to 9.5 percent.

Another 2.5 percent of European gas volumes originated from the UK North Sea.

The US remained the largest supplier of LNG to import terminals in EU and the UK followed by Qatar.

WaveCrest Energy has announced the start of a market consultation process for a proposed Teesside Flexible Regas Port as the UK’s third liquefied natural gas import destination in advance of a planned capacity auction to be launched in the third quarter of 2024.

National Grid Plc, the UK power transmission and infrastructure company with several businesses in the US and the Isle of Grain LNG import near London, reported declines in fiscal first-half profits while investments in projects increased amid a more positive winter energy outlook for the UK and its near neighbours.

Europe’s largest liquefied natural gas import terminal, the UK’s Isle of Grain facility on the Medway River in Kent, has launched an auction for 9 million tonnes per annum of existing capacity.

Sept 14 (LNGJ) - The Med-class LNG carrier “Cheikh El Mokrani” with 73,990 cubic metres of capacity is scheduled to deliver an Algerian cargo on September 18 to the UK Isle of Grain LNG import terminal on the Medway River in Kent, according to shipping data. The cargo was lifted on September 11 from the Skikda liquefaction plant on Algeria’s Mediterranean coast.

Europe’s largest liquefied natural gas import terminal, the UK’s Isle of Grain facility on the Medway River in Kent, has launched a consultation to auction 9 million tonnes per annum of existing capacity.

May 25 (LNGJ) - Four cargoes are scheduled to be delivered to the UK later this week from the US, Qatar and Trinidad. The “GasLog Houston” is due to discharge a cargo at the Dragon terminal at the Port of Milford Haven from the Atlantic LNG plant at Point Fortin in the Caribbean, according to shipping data. A second delivery is scheduled from Qatar for the South Hook facility at Milford Haven onboard the “Aamira”, a Q-Max vessel with 260,910 cubic metres capacity.

   Two more cargoes are headed for the UK Isle of Grain terminal on the Medway River in Kent, both from the US Gulf Coast. The “Castillo De Caldelas” with 176,300 of capacity will have a cargo unloaded on May 27 that was lifted on May 11 from the Sabine Pass plant in Louisiana. A second shipment is due on May 28 at the National Grid-operated Isle of Grain facility onboard the 173,400 cubic metres capacity vessel “BW Pavilion Aranda” from the Freeport export plant in Texas.

National Grid plc of the UK, whose various businesses include the Grain LNG terminal on the Medway River in Kent, Interconnectors to the European Union and US power and gas businesses in New England, reported a 12 percent fiscal year increase in operating profits to £4.89 billion ($5.98Bln) compared with £4.37Bln in the previous year.

Jan 17 (LNG) – Three LNG cargoes are heading for the UK Isle of Grain import terminal at the end of January from the US Gulf Coast as prices at the UK National Balancing Point dropped to a 17-month low of $16.70 per million British thermal units, a level last seen on September 2, 2021. The “BW Pavilion Aranda” with capacity of 173,400 cubic metres is scheduled to deliver a cargo on January 28 from the Cameron LNG plant in Louisiana and that was lifted on January 15, according to shipping data. Two other cargoes are being delivered from the Sabine Pass plant in Louisiana.

   The 173,600 cubic metres capacity “Stena Crystal Sky” is scheduled to berth on January 29 at the Medway River terminal to discharge its Louisiana shipment and the third cargo heading for the Kent terminal is scheduled to arrive on January 31 onboard the “Ribero Duero Knutsen” with 173,400 cubic metres of capacity.

Centrica plc, the UK owner of the British Gas utility business and an LNG importer, said in a trading update that it continued to deliver a strong operational performance from its balanced portfolio.