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.

May 30 (LNGJ) - The UK is due to receive an LNG delivery next week from Qatar as prices on the UK National Balancing Point virtual natural gas market were at around $10.40 per million British thermal units.

   The Greek-flagged carrier “Maran Gas Leto” with 174,200 cubic metres capacity is scheduled to deliver a cargo from Qatar that was lifted on April 29 from the Ras Laffan export terminal in the Arabian Gulf. Shipping data shows that the vessel was now scheduled to arrive on June 4 at the South Hook terminal at Milford Haven in Wales after a voyage via the Spanish island of Tenerife.

May 15 (LNGJ) - UK LNG deliveries have slowed markedly in the past month but a cargo is now scheduled for May 21 at the South Hook LNG import terminal at the Port of Milford Haven.

   The vessel “GasLog Westminster” with 180,000 cubic metre of capacity is scheduled to discharge a shipment at the terminal that was lifted on May 9 from the Calcasieu Pass export plant in Louisiana.

May 9 (LNGJ) – The UK is scheduled to receive its first May delivery of liquefied natural gas at the South Hook import terminal at the port of Milford Haven in Wales.

   The delivery will come from Qatar onboard the tanker “Aamira”, a Q-Max vessel with 260,910 cubic metres of capacity and scheduled to berth on May 10, according to shipping data. The cargo was lifted at the QatarEnergy export plant at Ras Laffan in the Arabian Gulf on April 6 and the ship had travelled around South Africa to the UK.

March 25 (LNGJ) - The UK is scheduled to receive a US LNG cargo on March 27 as prices remain solid at the end of the winter season at around the equivalent of $8.720 per million British thermal units on the National Balancing Point market. Spot natural gas prices on the European Energy Exchange also rose. The Dutch TTF day-ahead spot price was at the equivalent of $8.740 per MMBtu.

   The cargo heading for the UK South Hook terminal in Milford Haven in Wales is onboard the vessel “Lech Kaczynski” with 174,000 cubic metres capacity. The shipment was loaded on March 13 at the Cameron export plant in Louisiana.

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.

March 18 (LNGJ) - The UK is resuming more regular LNG imports on March 24 after a brief pause as the UK National Balancing Point market price increases to the equivalent of around $8.755 per million British thermal units.

   The carrier “Kool Blizzard” with 154,950 cubic metres capacity is scheduled to discharge a US shipment on March 24 at the South Hook import terminal at the Welsh Port of Milford Haven, according to shipping data. The cargo was lifted on March 13 from the Cove Point plant in Maryland.

Asian liquefied natural gas prices and European cargo values increased for a second week from previous three-year lows as cooler weather and energy policy uncertainties offset high storage as the Northern Hemisphere winter gas season winds down after some of the warmest months on record hit demand.

Feb 27 (LNGJ) - The first March LNG cargoes are heading for the UK from Trinidad and the US. The vessel “Magdala” with 173,400 cubic metres capacity is scheduled to discharge a cargo on March 1 at the Dragon import terminal in Milford Haven, according to shipping data. The cargo was lifted on February 19 from the Point Fortin plant in Trinidad.

   The “Maran Gas Vergina” with 173,605 cubic metres capacity is due to berth with a US cargo on March 4 at the South Hook terminal at Milford Haven. The cargo was lifted from the Cameron plant near Lake Charles in Louisiana on February 21.

Dec 18 (LNGJ) - The UK is scheduled to receive at least three LNG cargoes in the coming week from Trinidad, Norway and the US Gulf Coast. The “Bilbao Knutsen” with 135,000 cubic metres capacity is scheduled to discharge a cargo from Trinidad on December 22 at the UK Dragon import terminal at the Port of Milford Haven. The cargo was loaded on November 21 at the Caribbean nation’s Point Fortin facility, according to shipping data.

   The “Arctic Princess” with 147,835 cubic metres capacity is due to deliver a cargo to the Dragon terminal on December 25 from the Hammerfest plant in northern Norway. The shipment was lifted on December 17 from the Norwegian facility. A second cargo is due for delivery to Milford Haven on December 25 at the South Hook terminal on board the “Traiano Knutsen” with 180,000 cubic metres capacity. That shipment was loaded on December 3 at Sempra’s Cameron plant in Louisiana.