Yamal LNG has restarted exports via the Northern Sea Route, avoiding much longer journeys via transshipments at Zeebrugge and transit through the Suez Canal. Yamal LNG is thus again able to export to the Far East directly. However, exports are still only possible during the second half of the year.
Freeport LNG has stressed that no liquefaction of loading equipment was damaged during a fire incident in the second week of June.
Europe’s cumulative LNG demand has grown much faster in the first 23 weeks of this year than during the equivalent time last year. Russian pipeline supply issues that had begun to manifest themselves even before Russia’s invasion of Ukraine has left European gas inventories at their third lowest since 2018.