In June, for the first time in its history, most European Union imported more liquefied natural gas (LNG) than United States of America this gas comes from the gas pipeline Russia, As reported by the International Energy Agency (IEA). “Lately sudden flow interruptions natural gas from russia It caused the EU to come to this situation. first month of history “The EU imports more gas from the US via LNG than from pipelines from Russia,” said Fatih Birol, director-general of the OECD-affiliated organization. in a tweet.
Russia every year 150,000 million cubic meters of natural gas Through various pipelines connecting to Europe (and another $14 million to $18 million of liquefied natural gas by ship, according to Bloomberg). To get an idea, on a monthly basis we could be talking about 12,000 or 13,000 million cubic meters per month from different tubes if it were linear. However, this trend has been decreasing until the last month. These monthly shipments by pipeline fell below 5,000 million cubic meters and were advanced by US LNG.
This decline is a serious Supply decrease in mid-June (60%) through the largest gas cylinder on the continent, Nord Streamto previous supply cuts from Gazprom to Bulgaria, Poland, Finland, Denmark and the Netherlands, linking with Germany, Ukrainian war. Also, Nord Stream It will stop streaming for ten days from next Monday For maintenance work, it increases uncertainty across the continent.
accumulated In the first six months of 2022, the flow through the gas pipeline from Russia decreased by about 30%, LNG imports increased by 60% (more than 80 million cubic meters, the highest level for that period) The United States as “Europe’s largest LNG supplier”, with 75% of this additional supply, As noted in a report released Tuesday by the IEA. Some of this LNG from the United States, among other countries, SpainAt the beginning of this year, the North American country became the main supplier of this raw material ahead of Algeria.
outlook for 2022
If this trend continues, the Paris-based organization will Flow from Russian gas pipelines will “fall below 80 million cubic meters” by 45% this year and they will decrease to 55% by 2025 compared to 2021 levels. The reduction in gas input per cylinder for this year will seek to compensate, in addition to the increase in production in the UK and Norway. – – with an increase More than 45% of LNG inputs.
The decline in infrastructure investments in the middle of the last decade may cause the increase in global LNG supply to be “inadequate” to meet all “European demand”. In any case, the IEA adds that the cessation of imports from Russia does not affect LNG by ship from Moscow, which will remain “above last year’s levels” in 2022. Paris-based organization these estimates are subject to “unusually great uncertainty due to Russia’s unpredictable behavior”.
The rising demand for LNG in Europe has led to a rising, extraordinarily tight global market. prices of this raw material (The IEA defines the continent as a ‘premium’ market for LNG). According to this organization, the price of gas in the Dutch TFF market, which is a reference in Europe, will increase six times this year than in 2019 and three times in 2025. will not restore previous prices in the next three years Pandemic. The gas price, which was ‘fixed’ at around 80 euros per megawatt hour a month ago, has skyrocketed again in the past two weeks to exceed 160 euros due to supply disruptions from Gazprom’s Nord Stream and a gas explosion at its export facility in the United States. However they are still The 200 euros on March 7, which passed after the start of the war, are far from the record.
Source: Informacion
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