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LNG supplies to Europe hit lowest level in almost three years in August

LNG supplies from terminals to Europe’s gas transport system have reached around 73.9 bln cubic meters since the beginning of 2024, which is 17% lower than in the same period last year

MOSCOW, September 2. /TASS/. LNG supplies from European terminals to the EU’s gas transport system fell sharply in August 2024, having reached the lowest level since October 2021, according to data provided by Gas Infrastructure Europe (GIE).

Last month such LNG supplies amounted to 7.16 bln cubic meters, down by 12% compared with July, and down by 26% compared with last August. This is the lowest level since October 2021.

LNG supplies from terminals to Europe’s gas transport system have reached around 73.9 bln cubic meters since the beginning of 2024, which is 17% lower than in the same period last year.

The share of LNG has been the largest among sources of gas supply to Europe in 2024, standing at 37%, according to figures provided by the European Network of Transmission System Operators for Gas (ENTSOG) as of August 27. Second come supplies from North Sea, mainly Norway’s gas (32%) followed by withdrawal from the East, which includes Russian gas, gas supplies from Ukraine, as well as withdrawal by European companies of their gas from Ukraine’s UGS facilities (12%). This is higher than supplies from the UK (5%) and North Africa (11%).

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