Daily Management Review

LNG shipments to Europe hit record highs


Liquefied natural gas (LNG) shipments from terminals to Europe's gas transportation system in April 2022 were a record for the month. Gas Infrastructure Europe (GIE) specified that the index was the highest since 2011. This is according to the company's data.

In April LNG inflows from terminals into the European gas transportation system reached 10.65 billion cubic meters. The GIE noted that this is more than the previous record of 10.21 billion cubic meters in April 2019.

According to the company, LNG reserves in the EU states are now 10 percent higher than in 2021 and 8 percent higher than the five-year average.

As of Feb. 13, GIE declined to include data on underground gas storage facilities (UGSFs) and LNG receiving terminals in Britain.

The current record for liquefied natural gas deliveries was the third monthly record in 2022 - the previous records were recorded in March and January.

At the end of April, the German authorities drafted a bill to speed up construction of LNG terminals. It is intended to boost the construction of LNG terminals in order to reduce Germany's dependence on energy supplies from Russia.

source: reuters.com