Commodity Market Report
Global short-term LNG demand tracker (Q2 2022)
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Report summary
European imports: In the first five months of 2022, Europe has imported 53 Mt of LNG, +18 Mt compared to the first five months of 2021. Most of this additional LNG landed in Northwest Europe (+10 Mt), which created infrastructure bottlenecks – regas capacity in Belgium and the Netherlands has been maxed out, and the UK has had to restrict LNG imports as IUK and BBL; the pipelines from the UK to the continent were running at full capacity too. This effectively means that even if more LNG becomes available, Europe can't increase its imports any further until more regas capacity comes online in the Netherlands or Germany.
Table of contents
- A timely decline in Asian demand has effectively balanced the market and allowed Europe tomaximiseLNG imports this year, however, the situation will change when moreregascapacity becomes available in Northwest Europe
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