LNG: LNG Supply to Europe Rose to 11mtpa in January: Timera
Feb-13 10:19
LNG supply volumes departing for Europe in January 2025 rose to approximately 11mtpa, compared to an average of about 9.6mtpa over 2022-2024, according to Timera Energy.
- Increased imports help balance the loss of ~15bcm/yr of Ukrainian transit flows while cold and low wind have driven higher continental demand and storage withdrawal rates.
- A declining JKM-TTF premium to -3.97 €/MWh on Feb. 10, has resulted in several LNG cargo diversions from Asia to Europe. Europe’s share of global LNG exports has been boosted by a 26% rise in front month TTF since Dec. 16.
- “The merchant value of European regas capacity has increased following a period of weak DESNWE-TTF spreads in 2024, as improving regas utilisation calls on higher variable cost terminals,” Timera added.
- European LNG sendout has risen to 459mcm/d on Feb. 11 compared to an average of 434mcm/d so far in Feb and 372mcm/d in Jan, according to Bloomberg.
Source: Timera Energy
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