HomeMagazine2022August 2022, Vol. 249, No. 8Europe Imported Record Amounts of LNG

August 2022, Vol. 249, No. 8

Features

Europe Imported Record Amounts of LNG

By U.S. Energy Information Administration (EIA)    The European Union and United Kingdom’s level of liquefied natural gas (LNG) imports set a record high in April 2022, averaging 16.5 Bcf/d (467 MMcm/d) monthly and exceeding 19 Bcf/d (538 MMcm/d) on some days in April. Europe’s LNG imports increased in 2022 because natural gas storage inventories were at historically low levels from fall 2021 through spring 2022. Traditional sources of natural gas and some substitute fuels delivered by pipeline have not been meeting Europe’s energy needs, and spot natural gas prices at major European hubs have generally been higher than spot prices in other markets

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